REYKJAVIK: The hot springs of Iceland are not the only thing making tourists sweat, as a look at the hotel or lunch bill will tell you that most things cost more, sometimes much more, than anywhere else in Europe.
“But it’s been a little bit of a shock,” the 22-year-old student told AFP, having discovered the chilling rates for familiar items like a simple hamburger with fries and a beer. “Iceland is so small. So it’s very difficult to get the same economies of scale as you have with companies in countries that are 100 times larger,” said Konrad Gudjonsson, chief economist at the Iceland Chamber of Commerce.
So while the cost of living can come as a shock to tourists, the locals have the salaries to match it. Statistics Iceland also lowered its outlook in May. It now predicts a 0.2 percent contraction of GDP, after having forecast 1.7 percent growth for the year in February.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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