Process
Status Items Output None Questions None Claims None Highlights Done See section below
Highlights
id806959658
Iceland’s economy is outperforming most European peers after the nationwide introduction of a shorter working week with no loss in pay, according to research released Friday.
id806959722
Between 2020 and 2022, 51% of workers in the country had accepted the offer of shorter working hours, including a four-day week
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Last year, Iceland logged faster economic growth than most European countries and its unemployment rate is one of the lowest in Europe
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In 2023, Iceland’s economy expanded by 5%, a growth rate second only to Malta among rich European economies