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WOW Air collapse to hurt Iceland's economy, central bank

COPENHAGEN (Reuters) - The collapse of Iceland's budget airline WOW Air this week will hurt the country's economic growth this year, central bank governor Már Gudmundsson said in a speech.

"It is clear that WOW's collapse will have a negative impact on GDP growth, particularly in 2019. It is unlikely that this alone will push Iceland into a contraction this year, though," Gudmundsson said in a speech published on the central bank's website late Thursday.


(Reporting by Jacob Gronholt-Pedersen; Editing by Shri Navaratnam)