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Iceland Business Forecast Report Q4 2012

764.56

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Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£764.56

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Market

All Sectors

Report Type

Country Guide

Country

Iceland

Published

24 October 2012

Number of Pages

19

Report Delivery

Download

Delivery Lead Time

Immediate

Publisher

Business Monitor International

File Format

PDF

We remain generally optimistic that Iceland can pull itself out of its present malaise, however there will be no return to the fast growth seen during the pre-crisis period. While the government remains committed to EU membership talks we fear that it is increasingly running out of time ahead of parliamentary elections in 2013 which will likely return an EU-sceptic government to power. Over our 10-year forecast period, we see Iceland enjoying a high degree of political stability, given a very solid security environment, few societal dividing lines and a high standard of living.

Major Forecast Changes

We have revised up our 2012 real GDP growth forecast from 2.2% to 2.4% following the publication of H112 GDP figures. However, we remain below the consensus growth figure, and expect other institutions to revise down their forecasts over H212.

Key Risks To Outlook

Global economic conditions could deteriorate markedly, stifling Icelands export-driven recovery. Failure to find agreeable terms on fishing and whaling policy with the EU could derail Icelands EU convergence process and undermine its investment outlook.

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Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£764.56

Change Currency

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USD

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