Norwegian economy

Economic Survey 3-2017

Published:

After being in a cyclical downturn for almost three years, growth in the Norwegian economy has picked up. The downturn appears to have bottomed out at the end of last year, but the upturn is a fragile one in that we forecast growth only slightly over trend in the near term.

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Analyses, articles and publications

Cyclical bottom has been reached, but recovery will be slow

Cyclical bottom has been reached, but recovery will be slow

Published 7 September 2017

A highly expansive fiscal and monetary policy, weak krone and strong growth in house building have contributed to a shift in the economy. Low interest rates and high growth internationally are driving the upswing, while a stronger krone and less house building are curbing growth.

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