Iceland sends EU economic forecast document

Iceland’s Ministry of Economic Affairs has sent the European Union a forecast report on the Icelandic economy until the year 2013.

A ministry press releases states that the report is a part of Iceland’s accession process to join the European Union and that similar reports will be presented to the EU every year for as long as the accession process lasts.

The report has four main sections and is based on the country’s budgetary forecast to 2013, the so-called 20/20 strategy and on the Icelandic statement of intent to the IMF.

The EU will send copies of the report to EU member states’ governments and it will be discussed by the EU Economic and Financial Affairs Committee. It will also later be on the agenda at the meeting of all EU heads of state later this spring, RUV reports.

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