NORWEGIAN ECONOMY

Economic Survey 2/2023

Last year was characterised by high inflation, interest rate hikes and a rebound in economic activity following the Covid-19 (coronavirus) pandemic. Growth in the Norwegian economy has slowed so far this year, and mainland GDP is close to what we regard as a trend level. The key policy rate has been raised by 0.5 percentage point this year and is currently 3.25 per cent.