In a recent analysis of the International Monetary Fund (IMF World Economic outlook) on the development of the world economy until 2016 Iceland’s future looks rather bleak. For the whole period average GDP growth is estimated to be 0.8%, ninth from the bottom of 183 countries. The average GDP growth for all countries is estimated to be just short of 4%. The Icelandic Camber of Commerce reports this in an analysis of the economy. Even if the study is limited to the years of resurrection 2010 to 2013 Iceland is still ninth from the bottom. For the next five years Iceland is number 144. The report concludes that this is far from being acceptable.
Photo: Páll Stefánsson/Iceland review