Ágúst Arnórsson

Ágúst Arnórsson is an economist associated with the Icelandic Confederation of Labor (ASÍ). He has recently been in the news discussing the factors contributing to the high cost of living in Iceland, including the small size of the Icelandic economy and the associated costs of imports. Ágúst emphasizes that Icelandic businesses struggle to achieve the economies of scale seen in larger European economies, which negatively impacts pricing for consumers.