Icelandic Economy To Slow In 2024, Volcanic Eruptions Elevate Downside Risks
Country Risk / Iceland / Tue 06 Feb, 2024
Key View
- We now forecast the Icelandic economy to grow by 2.0% in 2024 (down from 2.5%), marking a slowdown from an estimated growth rate of 2.9% in 2023.
- Private consumption will gain momentum this year as it receives tailwinds from real wage growth and continued population growth.
- Downside risks to our forecast have increased as