economic outlook for iceland autumn 2002 ministry of finance 2 table contents pg 1 introduction and main conclusions 3 overview the forecast 4 developments in 2003 5 medium term prospects 7 international 8 united states europe 9 japan 10 other countries financial markets 12 money market exchange rates bond 13 stock 14 foreign trade balance payments 15 merchandise exports imports 16 services net factor income from abroad 17 current account 6 debt business sector 18 production earnings investment 22 population labour 24 development 25 prices 28 household 30 wage assets saving 31 private consumption 32 residential construction real property