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The Unlikely Resilience of Iceland: A Post-2008 Economic Case Study
The global financial crisis (GFC) of 2008 left a profound impact across nations, with Iceland emerging as one of the most affected. Despite being a small island nation, Iceland suffered catastrophic economic consequences, losing nearly half of its economic output over a mere two years. The unfolding narrative is not just about the economic downturn; it encapsulates a remarkable recovery, transformation, and sustainability that offers valuable insights into economic resilience.