Just a quick reminder: This is the exact same institute that claimed in August 2008 a bright, dynamic, and prosperous future for Iceland. And a mere two months later Iceland is on the brink of a national bankruptcy and must nationalize its banks. It hasn’t recovered since.
And a mere three months after this total prediction failure became apparent, the very same institute publishes yet another study, and the whole news media and lot of politicians take them seriously! Why is anyone listening to these charlatans? The very real problem is that policy decisions will be based on such bogus
studies. With dreadful consequences.
I’m officially disgusted.