Norway’s central bank begins the rate hiking cycle amid strong growth outlook
Our 2021 mainland GDP growth forecast remains unchanged at 4.1%. With all domestic restrictions eased and the pandemic largely under control, the economy will rebound strongly this year.
What you will learn:
- Global supply chain disruptions weighing on manufacturing and elevated inflation hitting consumer purchasing power are headwinds, but the outlook remains broadly positive.
- Growth in 2022 should also come in at 4.1%.
- A remarkable recovery in employment this year has been accompanied by a rising participation rate, disguising the true health of the labour market in the headline unemployment figures.
Tags:
Related Services
Post
Strong growth across the South India, but divergence risks ahead
Over the next five years, India is forecast to be the fastest growing major economy across Asia-Pacific. We expect India’s real GDP to grow on average 6.7% per year between 2024 and 2028. In general, we expect the Southern states to lead GDP growth rankings, while the Central, Eastern, and Northeastern states are anticipated to lag.
Find Out More
Post
Eurozone: GenAI will boost growth, but is not a silver bullet
Our baseline forecast assumes generative artificial intelligence (GenAI) will boost eurozone GDP level by 1.4% over the next 15 years, largely via stronger labour productivity growth, and through investment and R&D spending into GenAI developments and applications. This will generate second-round gains via higher incomes and stronger consumer spending.
Find Out More