Economy in Iceland

  • Europe in 2016: Terror fears, migration, politics. But economy may turn a corner

    ALBANIA, 2016/01/02
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Iceland's biggest IT company CCP

    ICELAND, 2013/02/23 Iceland's biggest IT company CCP is what the island needs to leave its economic crisis behind. It is world, growing and employs hundreds but its tale is as well one of frustration that echoes concerns about the country's next. For CEO Hilmar Petursson, Iceland's lauded recovery model that included a sharp currency fall coupled with capital controls may have pulled a $13 billion economy back from the brink next a 2008 bank crash. But it is presently a drag on firms like his.
  • President Olafur Grimsson

    ICELAND, 2013/02/01 The world financial crisis brought Iceland to the brink of collapse in 2008. Since again, the country has recovered well by doing a lot of things differently from the rest of the world. g: A couple of years ago, Iceland was in a poor national economically - in some regards even worse off than Greece. Presently, the country is in calmer waters again. How did you bring about the change?
  • Iceland's Inflation Slows In December

    ICELAND, 2012/12/21 Iceland's annual inflation weakened in December after accelerating in the previous month, data released by Statistics Iceland showed Friday. Inflation slowed to 4.2 % in December from 4.5 % in November, which was higher than October's 4.2 %. Prices of domestic goods advanced 5.2 % annually, while prices of agricultural products rose 5.8 %. Food prices were higher by 4.8 % compared to last year.
  • Iceland and the financial crisis

    ICELAND, 2011/02/08 Although increase is still set to resume in the fourth quarter, an increase ISK and credit constraints have continued to have tipped the balance toward lower inflation and a larger decline in GDP of around 3.5% 2010. Preliminary GDP fell 8.4% year on year in Q2, while inflation was down to 3.3% in October.