The Icelandic Economy
Iceland was among the first countries to be hit by the global financial crisis and is now moving towards economic recovery with multilateral assistance. Today's leading economic forecasts predict that Iceland will face two years of contraction before economic growth picks up in 2011.
Due to Iceland's strong fundamentals medium and long-term prospects are positive. Sustainable use of clean energy and marine resources backed by good infrastructure, well funded pension system, culture of innovation and a young and well educated population, will serve as the backbone of Iceland's recovery.