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
Tags:
Related Services
Post
Europe: Among major southern cities, Madrid looks strongest
We are cautiously optimistic about the medium-term outlook for Europe's cities as a whole, but less sanguine about southern European cities than most others. They have tended to underperform in the past and will probably do so in the future. Madrid, the largest, has the strongest growth prospects of the larger cities.
Find Out More