Norwegian economy

Economic Survey 3-2016

Published:

The cyclical trough following the oil downturn is approaching. The oil price has risen appreciably from very low levels in early 2016, but the negative impulses generated by the petroleum sector are still substantial.

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Norway set for economic shift following oil industry slump

Norway set for economic shift following oil industry slump

Published 15 September 2016

The standstill in the second half of last year has been replaced by a weak increase in growth in the mainland economy this year. A reduced decline in oil investments coupled with growth in house-building activity and exports may lead to an upturn in the economy from early next year, assuming no further reduction in interest rates.

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