|
|
"A comprehensive, collaborative elections resource."
|
Iceland emerges from recession
|
|---|
| Parent(s) |
Container
|
| Contributor | Patrick |
| Last Edited | Patrick Dec 15, 2010 06:44pm |
| Logged |
0
|
| Category | Analysis |
| News Date | Wednesday, December 8, 2010 12:00:00 AM UTC0:0 |
| Description | The Icelandic economy showed its first growth for two years in the third quarter, helped by rising household consumption, according to data released today.
Iceland's top three banks were hit hard by the global credit crisis in late 2008 after expanding rapidly across Europe and the crash triggered a deep recession and the island's gross domestic product (GDP) fell 6.8 per cent in 2009.
But, helped by an IMF-led bailout, the economy and currency have stabilised. The statistics office data showed that GDP rose a seasonally adjusted 1.2 per cent in the third quarter, the first quarter-on-quarter rise for two years. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
