The Iceland Chamber of Commerce has published a new quarterly edition of The Icelandic Economy, which gives a unique and comprehensive overview of the economy.
The report summarizes various developments that have occurred since the chamber’s last publication in mid-October. It discusses the economic development in recent months, competitiveness, the structure and institutional framework of the economy, and the goals of the newly elected government.
It can be assumed that the recovery of the economy has been strong with a declining unemployment rate, higher employment participation rate, vibrant asset markets, and increased private consumption and foreign trade. Short-term economic indicators also point towards an improved outlook with an increasing number of tourists and strong economic growth.