New Country Reports market report from Business Monitor International: "Iceland Business Forecast Report Q2 2013"
Boston, MA -- (SBWIRE) -- 07/09/2013 -- Core Views
Iceland's real GDP growth rate will be amongst the fastest in the developed world over our 10-year forecast period, expanding at an average of 2.7% per annum. However, it will not be until 2015 that Iceland returns to its peak pre-crisis level of real GDP.
The April 2013 general election will most likely see a change in government in Iceland, with a centre-right coalition replacing a centre-left administration. The most significant result of such a change would most probably be an end to the country's EU accession talks.
Despite potential changes to the direction of economic and foreign policy, over our 10-year forecast period we see Iceland enjoying a high degree of political stability. The country has a very solid security environment, few societal dividing lines and a high standard of living.
Major Forecast Changes
We have revised our CPI forecasts for Iceland, and now expect prices to rise by an average of 3.9% over our forecast period. With price pressures higher than in its developed peers, and the currency largely stable, Iceland will have to be careful to ensure that competitiveness in the key tourist sector does not ebb away.
View Full Report Details and Table of Contents
Key Risks To Outlook
Global economic conditions could deteriorate markedly, stifling Iceland's export-driven recovery.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- Brazil Business Forecast Report Q3 2013
- Germany Business Forecast Report Q3 2013
- Hungary Business Forecast Report Q3 2013
- Philippines Business Forecast Report Q3 2013
- Russia Business Forecast Report Q3 2013
- Cote d'Ivoire Business Forecast Report Q3 2013
- Trinidad & Tobago Business Forecast Report Q3 2013
- Singapore Business Forecast Report Q3 2013
- Bulgaria Business Forecast Report Q3 2013
- Chile Business Forecast Report Q3 2013