Norway | A strong, consumer-led rebound is to be expected
Hard data indicate a positive start to Q2, and we expect the economy to
strengthen further through the summer. While a relatively slow vaccination
program raises downside risks to activity, Norway is continuing to reopen and Covid cases are falling. A large savings buffer, rising oil prices, and strong
external goods demand should support a strong, consumer-led rebound.
What you will learn about:
- Our mainland GDP growth forecast
- Mobility data is at its pre-pandemic baseline and consumer confidence is now positive
- Unemployment remains high by Norway’s standards. While recent data suggest that joblessness may be falling faster than expected in Q2
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