Economics Explained cover image

How Iceland Lost 50% of It's GDP, And Recovered

Economics Explained

CHAPTER

Iceland's Economic Crisis and Remarkable Recovery

This chapter explores Iceland's tumultuous economic journey through the 2008 financial crisis, emphasizing the government's decision to let banks fail and the subsequent recovery. It highlights Iceland's unique energy resources and potential growth industries in the context of its small population and geographic challenges.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner