Iceland Business Forecast Report - Business Monitor International - Industry Reports

Iceland Business Forecast Report

Iceland Business Forecast Report - Business Monitor International - Industry Reports
Iceland Business Forecast Report
Published Dec 12, 2014
22 pages — Published Dec 12, 2014
Price US$ 1,195.00  |  Buy this Report Now

About This Report

  
Abstract:

Over our ---year forecast period we see Iceland enjoying a high de- gree of political stability, given a very solid security environment, few societal dividing lines and a high standard of living. Uncertainty over how and when the government will normalise the country s economic situation weighs on political continuity, but Iceland will likely remain in the top -- politically stable countries globally. ...Arctic Competition: Iceland could find itself drawn into the growing competition between the US, Canada, Russia and northern European nations for Arctic resources. However, as a founding member of NATO, Iceland does not face any major external security threats, in our opinion, and its improved eco- nomic relations with China suggest it could well benefit from this competition. the ratings picture Iceland s Long-Term Political Risk Index are amongst the high- est in the world, having recovered from --.- in the immediate aftermath of the crisis to --.- by mid-----, although the score has now fallen back to --.-. Climate Change: Given the country s location just south of the Arctic Circle, Iceland stands to see significant environmental changes if the current projections of rising global temperatures into the long term come to pass. While still impressive, we do not rule out further downward revisions if the government continues along a more populist policy path over the next few years.

...Budget balance, of GDP --.- -.- --.- --.- -.- -.- -.- -.- -.- -.- -.- Goods and services exports, USDbn -.- -.- -.- -.- -.- -.- --.- --.- --.- --.- --.- Goods and services imports, USDbn -.- -.- -.- -.- -.- -.- --.- --.- --.- --.- --.- Balance of trade in goods and services, USDbn -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- Balance of trade in goods and services, of GDP -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- Current account balance, USDbn -.- -.- --.- --.- --.- --.- --.- --.- --.- --.- --.- Current account balance, of GDP -.- -.- --.- --.- --.- --.- --.- ---.- --.- --.- --.- Foreign reserves ex gold, USDbn -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- Import cover, months -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- f = BMI forecast. Source: National sources, BMI - Business Monitor International Ltd www Iceland Q- ---- executive summary - core Views Major Forecast changes Key risks to outlook chapter -: political outlook - sWot analysis - BMi political risk index - Domestic politics - scandals, protests endanger reform Iceland s governing coalition faces increasing pressure as scandals, protests and in-fighting undermine political progress at a crucial time for the economy. ...Budget balance, of GDP --.- -.- --.- --.- -.- -.- -.- -.- -.- -.- -.- Goods and services exports, USDbn -.- -.- -.- -.- -.- -.- --.- --.- --.- --.- --.- Goods and services imports, USDbn -.- -.- -.- -.- -.- -.- --.- --.- --.- --.- --.- Balance of trade in goods and services, USDbn -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- Balance of trade in goods and services, of GDP -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- Current account balance, USDbn -.- -.- --.- --.- --.- --.- --.- --.- --.- --.- --.- Current account balance, of GDP -.- -.- --.- --.- --.- --.- --.- ---.- --.- --.- --.- Foreign reserves ex gold, USDbn -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- Import cover, months -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- -.- f = BMI forecast. Source: National sources, BMI - Business Monitor International Ltd www Iceland Q- ---- executive summary - core Views Major Forecast changes Key risks to outlook chapter -: political outlook - sWot analysis - BMi political risk index - Domestic politics - scandals, protests endanger reform Iceland s governing coalition faces increasing pressure as scandals, protests and in-fighting undermine political progress at a crucial time for the economy. The current climate generates concerns over whether the government will be able to manage a swift and orderly withdrawal of capital controls, and this uncertainty remains a key risk to both political and economic stability. ...However, population growth rather than productivity gains will be a major driver of economic expansion. table: lonG-terM MacroeconoMic forecasts -- - Business Monitor International Ltd www contents chapter -: BMi Global assumptions --

...Source: Market and Media Research (MMR) and Progressive Party (PP) � as well as differences of opinion with the Central Bank � over how best to resolve the situation, raising questions over whether the government has enough political capital to follow the task through. We believe it is telling that the government has once again delayed a deadline on a decision whether to exempt the main creditor of state-owned Landsbankinn from capital controls as part of a deal to extend the maturity of ISK---bn (EUR-.--bn) in bonds taken out during the crisis in ---- and save the bank from another balance sheet crisis in the coming years. ...

  
Source:
Document ID
2040-6282
Country
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Iceland Business Forecast Report" Dec 12, 2014. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iceland-Business-Forecast-Report-2026-1628>
  
APA:
Business Monitor International - Industry Reports. (2014). Iceland Business Forecast Report Dec 12, 2014. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Iceland-Business-Forecast-Report-2026-1628>
  
US$ 1,195.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.