Omicron weighs on near-term growth outlook for Norway
Based on the positive carryover effects from two strong months of GDP growth in August and September, we have raised our mainland GDP forecasts for mainland Norway to 4.1% in 2021 and 4.3% in 2022. Still, we expect the spread of the Omicron coronavirus variant to impact growth towards the end of Q4 and into the start of next year as new restrictions are enacted.
What you will learn:
- High vaccination coverage should preclude the reimposition of strict restrictions, but new limits on hospitality will push back the recovery of services.
- Spending on services surpassed pre-pandemic levels as October marked the first full month without domestic restrictions on activity.
- With energy prices falling in November, the current account should start to decline to an average 10.7% of GDP over 2022.
Tags:
Related research
Post
Relative return index signals improving CRE attractiveness
Our latest global relative return index (RRI) signals that risk-adjusted investment opportunities in commercial real estate (CRE) should start to emerge this year before becoming more widespread in 2025. At this point, our baseline expected returns move higher than required returns, pushing the global all-property index above the 50 mark.
Find Out More
Post
South Africa: Elections 2024 | ‘ANC & friends’ election scenario
This Research Briefing sets out the first of four scenarios for South Africa's general election on May 29. In this scenario, the ANC wins over 46% of the vote share at the national level, and forms a government by working with small, constituency-based parties.
Find Out More