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Economic Outlook in the Nordic Countries 2014

The Nordic Working Group of Economic Trends Review, autumn 2013

image of Economic Outlook in the Nordic Countries 2014

The Economic Outlook in the Nordic countries 2014 is the review from the Nordic Working Group of Economic Trends for the economic situation in the Nordic countries autumn 2013. The review contents as previous years, a special chapter with a short outline of the economic situation in the Nordic countries as whole, and a chapter of the situation in every single country.

English

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Iceland

The Icelandic economy has been growing since late 2010, albeit at a slower pace in 2012 and 2013 than previously anticipated. The economy expanded by 1.4% in 2012 according to updated estimated national accounts and preliminary figures for the first half of 2013 show a further 2.2% growth compared with the first half of 2012. This strong growth in the first half of the year is largely due to a 4.6% drop in imports compared with the same period in 2012 when large imports of ships and aircrafts were accounted for. The economy in now set to grow by 1.7% in 2013, followed by more robust growth of 2.7–2.8% in 2014 and 2015, driven largely by growth in investment and private consumption.

English

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