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Found 29 results for "forecast" on the site
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Real wage growth expected in 2024
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…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…’, says Thomas von Brasch. A stronger krone exchange rate and lower future prices for energy products than assumed in December have contributed to a downward revision of the inflation forecast for 2024 by 0.5 percentage points…
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Prospects of lower inflation
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…. The Norwegian krone has strengthened since June when Statistics Norway presented the previous forecast…–9.5 per cent in the forecast period, which is up to the end of 2026. By comparison, the average annual interest burden was…
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Interest rate cuts next year due to abrupt halt in house building
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…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…. Looking ahead to 2026, the forecasts indicate a decline in inflation, with real wage growth rising to around 2 per cent in 2026…
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Sharply up-adjusted estimates for oil investments in 2024
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… 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…
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High inflation leads to downturn in Norwegian economy
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…. In June, Statistics Norway forecast that the Norwegian economy would enter a moderate boom during the course of the year…. This is also contributing to the weaker growth outlook in Norway. Mainland GDP is forecast to increase by…
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Norwegian economy facing turning point
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…. ‘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…. It nevertheless appears that the overall economic activity among Norway’s trading partners will remain close to trend throughout the forecast period…
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Weak krone means another year of real wage decline
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… 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…. However, if the krone remains at its current level, as forecast by Statistics Norway, both fiscal policy and the social partners will most likely adapt to the weakening krone over several years. See box…
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Increased oil investment estimate for both 2023 and 2024
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…. The forecast for 2023 assumes strong growth in the second half of the year Investments in the first half of this year are 15 per cent higher than investments made in the first half of 2022…
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Omicron creating uncertainty for the Norwegian economy
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…. The forecast for the next few years is that the economy will be cyclically neutral…. Unemployment in 2023 and 2024 is forecast to be around 3.9 per cent. Large fluctuations in inflation The 12-month growth in the consumer price index (CPI) was…
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Investments in electricity supply fall sharply in 2021
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… with the corresponding figure for 2021, a decrease of 4.5 per cent is expected. The negative forecast in 2022 is driven by a sharp decline in oil and gas…
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3% interest peak in the New Year
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…. ‘We have assumed a higher and more enduring course of inflation in the eurozone than in our previous forecast… 4.4 per cent higher than in February 2020. Statistics Norway’s latest forecasts estimate significantly lower growth in the period ahead compared to developments so far this year…
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High inflation and higher interest rates set to curb growth in the Norwegian economy
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…. Without the impending interest rate increases, inflation would probably have remained higher than the target inflation rate, and the Norwegian economy would have experienced a more significant boom than forecast… throughout the forecast period. …
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Significant increase in the estimate for oil investments in 2023
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…. Investments made also ended up higher than forecast in November for the categories fields on stream and pipeline transportation, while the remaining categories had lower investments than forecasted in November…
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Economic Survey 3-2017
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…. 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…. 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…
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Increased estimates for oil investments indicate a lower fall in 2022
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…. Upgraded estimate also for 2023 The newest investment forecast for oil and gas extraction and pipeline transport for 2023 is estimated at NOK 135.3 billion. This is…
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