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
Emerging Markets forecast issues – Policy easing faces stronger headwinds
In our latest monthly forecast, we raised our aggregate 2023 GDP growth forecast for emerging markets (EMs) by 0.1ppt to 4.1%. We raised our 2023 GDP growth forecast for China by 0.1ppt to 5.2% after a slight outperformance in Q3, consistent with the official growth target of “around 5%". We maintain our 2024 aggregate EM growth forecast at 3.6%.
Find Out More
Post
London’s buildings stand in the way of rapid net zero
Over a third of London’s greenhouse gases arise from heating and lighting the capital’s residential buildings. Removing those emissions by 2050, let alone 2030, looks challenging.
Find Out More