Norway | A strong, consumer-led rebound is to be expected

Hard data indicate a positive start to Q2, and we expect the economy to
strengthen further through the summer. While a relatively slow vaccination
program raises downside risks to activity, Norway is continuing to reopen and Covid cases are falling. A large savings buffer, rising oil prices, and strong
external goods demand should support a strong, consumer-led rebound. 

What you will learn about:

  • Our mainland GDP growth forecast
  • Mobility data is at its pre-pandemic baseline and consumer confidence is now positive
  • Unemployment remains high by Norway’s standards. While recent data suggest that joblessness may be falling faster than expected in Q2

Topics: Norway, Europe, Coronavirus, Macro, Nordic

Norway | A strong, consumer-led rebound is to be expected