Article: Small and medium-sized companies in the new economy.

Geir A. Gunnlaugsson, Chairman, Reydaral Inc, Iceland

Chairman, Ladies and Gentlemen,

I think that now at the beginning of this Millennium we could say in many respects that things are too good to be true. We have, for quite some time now, had economic growth, we have had falling unemployment and we have had lower inflation. Being Europeans, we have to accept that the US has been leading this period with something like 4% growth in a GNP for at least 6 years, lowering the unemployment from something like 6 to 4%, and Europe has been lagging behind, but moving along. We have seen an economy where the information technology sector has been leading the ...

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