English language Iceland economic report re-released with widespread updates

The Iceland Chamber of Commerce has released an updated edition of its report on the Icelandic economy in English.

As previously reported on IceNews, the Chamber of Commerce felt there were sizeable gaps in the information available about post-banking-crisis Iceland for non Icelandic speakers. It was also felt that this was resulting in misinformation and wrong assumptions about the country.

A lot has changed since April, so the Chamber of Commerce has released an updated version of its free report, which is available online here.

A statement from the Iceland Chamber of Commerce reads: “The Iceland Chamber of Commerce has just released an updated version of its comprehensive report on the current economic climate in Iceland and developments since the banking collapse in 2008. The report is intended to convey information on the Icelandic economy in English from various sources. This report entails information on e.g.:

Collapse and restructuring of the banking sector
Fiscal policy & Political development
State of the economy, (e.g. debt, unemployment, inflation and taxes)
Icesave agreements, referendums and the ESA/EFTA Court process and arguments against a state guarantee
IMF program
Corporate restructuring
EU accession process

New in this edition – Slides added to accompany report

The current edition is the 14th since October 2008. Major revisions were made in the 13th version, many graphs, charts and pictures were added. Now in the 14th version a chapter on the business sector was added and a few graphs and charts were added. All other chapters were updated. Additionally, the Chamber now publishes slides to accompany the status report.

Why this status report?

Since October 2008 the Icelandic economy has gone through dramatic changes due to the collapse of its financial sector. Despite substantial difficulties, general economic activity is still well functional and many Icelandic businesses remain strong and prosperous.

“Due to a lack of external information flow, a lot of misconceptions developed about the state of the Icelandic economy. This Status Report is meant to give a better insight into the chain of events and the current economic, business and political landscape in Iceland. The report is thought of as a collection of facts, data and references to websites rather than a deep analysis of the economic climate in Iceland.” said Björn Thor Arnarson the Economist of the Chamber and the Editor of the report.

About this publication
The Iceland Chamber of Commerce has from the Banking collapse published this Status Report regularly with particular focus on the latest developments and information on the economic climate. The current edition is the 14th since October 2008. Major revisions have been made in recent editions, many graphs, charts and pictures were added. Additionally the Chamber published regularly slides to accompany the status report.”