Iceland's economy contracted in the fourth quarter after expanding sharply in the third quarter, data from Statistics Iceland showed on Friday.
Gross domestic product dropped 0.6 percent sequentially in the fourth quarter, reversing a 3.2 percent growth in the previous three-month period, which was the quickest expansion since the third quarter of 2023.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.