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  • The moderate upturn continues

    The turnaround in the economy was driven by a highly expansive fiscal and monetary policy, a weak krone, low wage growth and strong growth in house building. Going forward, house building is expected to curb the economic upturn. Interest rates wil...

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  • Cyclical bottom has been reached, but recovery will be slow

    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 h...

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  • The start of a moderate upturn in the economy?

    The upswing in the mainland economy in the first quarter of 2017 is assumed to mark the end of the downturn that followed the fall in oil prices in 2014. Slightly higher income growth is expected to push up consumer growth.

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  • Slightly brighter times ahead

    The fall in investments in the petroleum industry is waning, exports are increasing and private demand is picking up. These factors combined will soon lead to a cautious upturn in the Norwegian economy. Following a considerable decline last year, ...

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  • Two-year oil-driven downturn may come to an end

    A reduced decline in investments in the petroleum industry and somewhat higher growth in exports, mainland business investment and consumption are expected to lead to greater economic growth and slightly lower unemployment. Growth in house prices ...

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  • Norway set for economic shift following oil industry slump

    The standstill in the second half of last year has been replaced by a weak increase in growth in the mainland economy this year. A reduced decline in oil investments coupled with growth in house-building activity and exports may lead to an upturn ...

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  • Unemployment down slightly in 2017

    A year-long moderate economic downturn was followed in the summer of 2015 by a sharper decline. A slight drop in oil investments, low interest rates, expansionary fiscal policies and increased global growth are expected to gradually push up growth...

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  • Gradual upswing expected in 2017

    We expect the sharp fall in oil investments now will be curbed. Increased public spending, lag effects of the krone depreciation, lower interest rates and gradually improving international economic conditions, signals a somewhat higher growth.

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  • Moderate upswing in economy from second half of 2016

    A fall in demand from the petroleum industry and low international growth have led to a downturn in the Norwegian economy since the summer of 2014. A sharp increase in public demand and a turnaround in investment growth in mainland industries are ...

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  • Unemployment peaks in 2016

    For the past year, the Norwegian economy has been experiencing an oil-driven economic downturn, which is expected to be followed by a modest recovery in the second half of 2016. Unemployment is expected to peak in 2016 at 4.6 per cent as an annual...

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  • Unemployment to peak at 4.3 per cent in 2016

    A fall in oil investment is expected to contribute to mainland Norway’s GDP increasing by just 1.2 per cent in 2015. A moderate production upswing is expected to take effect early next year, but will not prevent unemployment from also rising in 2016.

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  • Further economic downturn, but not a crisis

    A fall in oil investment is expected to reduce mainland Norway’s GDP growth to just 1.1 per cent in 2015, compared with 2.3 per cent in both 2013 and 2014. Unemployment will increase gradually, to an estimated 4.1 per cent in 2016. This will help ...

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  • Marked, but brief economic downturn

    Reduced demand from the petroleum industry and low growth in household demand are expected to lead to a clear but brief downturn in the economy. Despite high growth in the structural non-oil public deficit and even lower interest rates, mainland N...

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  • Upturn in economy on hold

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  • Moderate pace in Norwegian economy

    Over the last 18 months, the Norwegian economy has experienced a moderate economic downturn, and the relatively modest GDP growth is expected to continue well into 2015. Unemployment has been fairly stable so far this year, but is expected to incr...

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