According to recent data released on 29 February 2024, Iceland's GDP growth has slowed in the fourth quarter of 2023. The previous indicator had shown a growth rate of 1.1% in the third quarter of 2023 but decreased to 0.6% in the fourth quarter of the same year. The comparison period for this change is year-over-year, indicating that the current GDP growth is lower compared to the same quarter in the previous year.
While Iceland's economy had been showing signs of growth, the latest figures suggest a slowdown in economic progress. Analysts are closely monitoring this trend to assess its potential impact on the country's economic outlook for the upcoming quarters. The decrease in GDP growth could have implications for various sectors of the Icelandic economy, and policymakers may need to consider measures to stimulate growth in the future.
