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Increased purchasing power despite high interest rates
Economic trends for Norway and abroad. Economic forecast up to 2029 Increased purchasing power despite high interest rates Interest rates are expected
High inflation will result in a further interest rate hike
Economic trends for Norway and abroad. Economic forecast up to 2029 High inflation will result in a further interest rate hike The conflict in the Middle East has pushed up prices for energy and commodities
Oil investment estimate for 2026 upward adjusted
. The increase in 2nd quarter was mainly driven by gains in fields on stream. The annual forecast for 2026 indicates growth in the second half Investments in the first half of this year are
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
Inflation remains high this year
Economic trends for Norway and abroad. Economic forecast up to 2029 Inflation remains high this year The war in the Middle East is resulting in an escalation of costs globally and in higher import prices here in Norway
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
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
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
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
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
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