Q: What is your general assessment of Iceland’s economy and what is your outlook?
A: The Icelandic economy is recovering well from a deep recession following the 2008 financial crisis, with growth of 3.5% in 2014 and average growth of about 3% forecast over the coming years. Public finances are back on a sustainable path, with the general government expecting to show a sizeable surplus in 2014. The financial system is growing healthier and the legal framework is strengthened through new legislation based on the Capital Requirements Directive [CRD] IV/Capital Requirements Regulation [CRR] framework.
