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Norwegian economy proceeding at a normal pace
Economic trends for Norway and abroad. Economic forecast up to 2028 Norwegian economy proceeding at a normal pace Increased household consumption and higher public demand will boost economic activity in the near term
Trade conflicts will not curb growth in the Norwegian economy
. The assumption in the forecasts is that trade restrictions will persist throughout the forecast period, up to the end of 2028
The Norwegian economic upturn continues
Economic trends for Norway and abroad. Economic forecast up to 2028 The Norwegian economic upturn continues So far this year, the Norwegian economy has been in a clear upturn
Oil investment estimate for 2025 upward adjusted
. The investment forecast for 2025 indicates a growth of 9 percent compared to the corresponding forecast for 2024, given in the 2nd quarter of last year. Figure 4
Increased estimate for oil investments for 2026
. The annual forecast for 2025 indicates moderate growth in the second half Investments in the first half of this year are 11 per cent higher than investments made in the first half of 2024
The economic standstill in Norway will end soon
Economic trends for Norway and abroad. Economic forecast up to 2027 The economic standstill in Norway will end soon Going forward, activity in the
Trade conflicts reduce interest rates in Norway
Economic trends for Norway and abroad. Economic forecast up to 2028 Trade conflicts reduce interest rates in Norway Lower interest rates, continuing
Oil investment estimate for 2025 upward adjusted
. For more details about total investments, please see this article. Marginal increase in the forecast for 2024 The investments in oil and gas extraction
Prospects of lower inflation
. The Norwegian krone has strengthened since June when Statistics Norway presented the previous forecast
Increased purchasing power for households boosts the Norwegian economy
Economic trends for Norway and abroad. Economic forecast up to 2027 Increased purchasing power for households boosts the Norwegian economy Wage and
Real wage growth expected in 2024
Economic trends for Norway and abroad. Economic forecast up to 2027 Real wage growth expected in 2024 Increased profitability in certain industries will stimulate real wage growth in the years ahead
Highest real wage growth in over ten years
Economic trends for Norway and abroad. Economic forecast up to 2027 Highest real wage growth in over ten years Strong profitability in the industrial
Up-adjusted estimates for oil investments in 2025
8.5 per cent, while corresponding growth in the 4th quarter of last year was 10.4 per cent. The current annual forecast therefore assumes higher growth from the 3rd to the 4th quarter than normal
Weak krone means another year of real wage decline
0.6 percentage points higher than in the previous forecast report in March. CPI adjusted for tax changes and excluding energy products (CPI-ATE) is estimated at 6.0 per cent
Economic Survey 3-2017
. 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