Iceland’s economy plummeted at its fastest pace on record in the third quarter, falling by 5.7% compared to the previous quarter.
However, on an annual basis the economy contracted by 7.2% - the biggest fall on record.
The news comes as many economies throughout the world are now recovering as they emerge from recession.
However, Iceland was severely hit by the financial crisis last year which led to three of …
Read the original article at Fnancemarkets
December 18th, 2009 at 10:55 am
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