6. June 2019 - Macroeconomic
After a period of continuous economic growth since 2011, a turning point has been reached in the economic cycle. Following shocks in the fishing and tourism sectors, the outlook is for economic contraction this year. This contraction will be slight and short-lived.
Despite above trend growth in the past several years, the economy is much better balanced and more robust than at the end of previous expansion periods in Iceland.
A combination of relatively high policy rates and strong Treasury position enable firm application of policy instruments to soften the impact of contraction and lay the groundwork for sustainable development as early as next year.
Read the economic forecast for 2019-2021
Weekly bulletin - 24 June 2019 07:44 AM
The Icelandic Tourist Board published its monthly tourism in figures report. Íslandsbanki issued a SEK-denominated bond.
Macro note - 20 June 2019 10:22 AM
In real terms, the economy grew by 1.7% YOY in Q1. Domestic demand decreased by 2.8%, exports increased by 2.6% and imports decreased by 8.1.
Weekly bulletin - 18 June 2019 09:57 AM
The Republic of Iceland issued a new Eurobond. The Government Debt Management Agency published its monthly Market Information report. Registered unemployment was 3.6% in May.
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
Swift/BIC: NBIIISRE Rules Legal notice Personal Data Protection Policy