Economic forecast, spring 2015
According to the most recent issue of national accounts the Icelandic economy grew by 1.9% in 2014. National expenditure growth was a robust 5.3% mainly due to 3.7% growth in private consumption and 13.7% investment growth. Growth in imports in excess of exports was the main reason for the subdued GDP increase. Continued consumption and investment growth is expected during 2015 and 2016, when private consumption is predicted to increase 3.8% and 3.3% respectively.
