Íslandsbanki macroeconomic forecast presented at Finance Forum
Íslandsbanki Research forecasts brisk output growth measuring 4.9% and 5.1%, respectively, in 2016 and 2017, a stronger growth rate than has been seen in Iceland for years. Growth is then expected to ease to 3.0% in 2018. GDP per capita has risen sharply and is now high in international context. Furthermore, private consumption has grown as a result of favourable developments in households’ position, particularly to include robust real wage growth, strong job creation, and declining unemployment. Íslandsbanki Research expects this positive situation to continue.
Ingólfur Bender, Director of Íslandsbanki Research, reviewed the economic outlook at a well-attended Finance Forum held today. Íslandsbanki CEO Birna Einarsdóttir spoke about the Bank’s upcoming move to its new headquarters, and Runólfur Geir Benediktsson from Corporate Finance and Nikulás Árni Sigfússon from Markets reviewed ways for firms to address uncertainty and change in the economic environment.