Economic forecast, winter 2013
Iceland‘s GDP is predicted to grow 2% during 2013, 2.5% in 2014 and 2.6%–2.8% per annum for the remainder of the forecast period. Disposable income has increased in 2013 due to wage growth and increasing employment. Despite this, private consumption growth has been flagging and is now predicted to be 1.6% in 2013, while a more robust 2.5% growth is forecast for 2014, followed by yearly increases on the order of 2.7%–2.9%.
