Iceland's economy grows at fastest pace since crash

After an economic crash and the collapse of its banking system in 2008, gross domestic product has surged in the last two years, helped by the floods of tourists visiting Reykjavik's trendy bars and the country's stunning geysers. "While there are growing pressures in the economy, we are not seeing signs of overheating of anything like the scale we saw 10 years ago," Islandsbanki economist Jon Bentsson said. For the full year, the economy expanded 7.2 percent in 2016 after 4.1 percent growth the previous year. On a seasonally adjusted basis, Iceland's GDP rose 2.6 percent from the previous three months, the data also showed. (Mail Online UK)



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