Thursday presented SSB economic trends for Norway and abroad. Where states that growth in the Norwegian economy has been sluggish since last summer, which is primarily due to a clear fall in oil revenues. In addition, there has been modest growth in exports and weak trend in consumption outside the public sector.
In 2016 think SSB that exports will pick up, that Norwegian households will increase demand and business investments on the mainland will grow faster . Together with the public sector will contribute to an improvement in economic growth even if oil investments continue to fall.
In parallel with the weaker growth, unemployment has risen from 3.2 percent last spring to 4.1 percent in the last four months. Statisticians believe the top is reached with an unemployment rate of 4.3 percent in 2016.
The record low interest rates is likely to be cut by another quarter percentage point at the next monetary policy meeting. Then think SSB it remains untouched out 2017. Along with declining oil revenues, this contributes to a weak dollar. At two and a half years, the krone has fallen 20 percent. (© NTB)
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