Highlights

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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.

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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

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