This is Norway’s best economic oracles – Dagbladet.no

(Financial Newspaper): Financial newspaper has obtained economists last 2015 forecasts that were made in late 2014. Forecasts spoke collectively for slower growth in the Norwegian economy, rising unemployment and further rate cuts.

Hard to predict oil prices

what certainly all missed was the price of oil and thus the steep fall in the exchange rate. The vast majority of economists expecting rather a pretty powerful crown strengthening through 2015 – with a proper comeback for oil prices – ranging from 60 to $ 85 per. barrel by year end.

March 2016

The answer is clear. GDP growth came to 1.0 percent in 2015, while unemployment (LFS) rose from 3.7 percent to 4.4 percent. Consumer prices rose 2.1 percent and the exchange rate ended the year at high 9.61 against the euro. During the year cut Norges Bank key rate twice.

Winners

Swedbank, Eika Gruppen and SSB stands out as holders of the best forecasts for last year.

No one envisioned that the crown should fall. The biggest kronepessimisten was Swedbank and chief economist Harald Magnus Andreassen, who assumed that the crown would remain at the same level one year.

This was essential for the financial newspaper believes brokerage deserve first place, despite the fact that Jan L. Andreassen Eika Gruppen and Torbjørn Eika in SSB hit better with forecasts for GDP growth.

good results

– I think it was pretty good hits on all points – slower growth, higher unemployment and lower interest rates. Lower oil investments, lower real wages, and the background is what I have talked about a long time: that the super cycle in commodities was dead. That is what characterizes Norwegian economy a day, says Harald Magnus Andreassen Finansavisen.

Worse in 2016

For 2016 waiting Harald Magnus Andreassen GDP growth of 0.7 per cent, Norges Bank cut its key rate to zero within year is up, unemployment at 5.0 percent, as well as appreciation of the krone from the current rate of 9.40 to 9.30 against the euro.

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