Here is Siv Jensen’s eight major graphs for Norwegian economy – Aftenposten

1. Harder to find jobs

Unemployment jumped to 4.1 percent in February, which is the highest level since December 2005. The revised national estimates of Finance Minister that unemployment will remain at about this level this year and next year .

2. Wage growth sinks

Jensen estimates that wages will rise considerably slower in 2015 than in previous years.

She now estimate an increase of 2.7 percent this year. The general rise in prices (inflation) will eat up 2.1 percent of this – so that the real growth in purchasing power ends at 0.6 percent.

3. Consumption increases more slowly

When more job losses and salary grows slower, also falling growth in consumption. It is estimated at 1.8 percent in 2015.

4. Lower speed in the housing market

The strong growth that has been in the housing market through the 1990s and 2000s does not seem to continue in the years ahead, but Statistics Norway believes nor at any house price crash.

5. 169 billion oil dollars

Norway also has a large buffer that helps to mitigate the impact of oil price decline, namely the Oil Fund. For years, the Minister of Finance 169 billion oil money from the state budget – an increase of 18 billion 2015 kroner from last year.

6. Cheaper and cheaper loans

Also, lower interest rates are helping to mitigate the downturn in the Norwegian economy. Aftenposten has already written that interest rates in Norway are the lowest in over 200 years.

In June, it is expected that the central bank will cut interest rates again.

7. Oil prices down and up

The reason for the downturn in the Norwegian economy is the sharp fall in oil prices combined with a fall in investment in the oil sector.

Everything is not all doom and gloom. The Ministry of Finance estimates that the oil price hit a bottom in 2015 and that it will rise in 2016.

8. Higher speed next year

Just as the price of oil will also economic growth in Norway will pick up as early as next year, think Siv Jensen. This year is the growth, however, likely to be the lowest since the financial crisis year 2009.

This year shrunk Norwegian economy by 1.6 percent.

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Published: May 12. 2015 15:35