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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
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
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
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
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
High inflation leads to downturn in Norwegian economy
. In June, Statistics Norway forecast that the Norwegian economy would enter a moderate boom during the course of the year
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
Prospects of lower inflation
. The Norwegian krone has strengthened since June when Statistics Norway presented the previous forecast
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
New estimates for oil investment indicate clear growth this year
. The forecast for 2024 assumes strong growth in the second half of the year Investments in the first half of this year are 23 per cent higher than investments made in the first half of 2023
Norwegian economy facing turning point
. ‘As a result, the forecasts for the economic activity of our trading partners have been adjusted upwards slightly since the last forecast, and overall it will be close to the estimated GDP trend
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
Interest rate cuts next year due to abrupt halt in house building
Economic trends for Norway and abroad. Economic forecast up to 2026 Interest rate cuts next year due to abrupt halt in house building Higher interest
Sharply up-adjusted estimates for oil investments in 2024
8.7 per cent, while corresponding growth in the 4th quarter of last year was 11.8 per cent. The current annual forecast therefore assumes higher growth from the 3rd to the 4th quarter than normal