Norway | Central bank begins the rate hiking cycle amid strong growth outlook

Our 2021 mainland GDP growth forecast remains unchanged at 4.1%. With all domestic restrictions eased and the pandemic largely under control, the economy will rebound strongly this year.

What you will learn:

  • Global supply chain disruptions weighing on manufacturing and elevated inflation hitting consumer purchasing power are headwinds, but the outlook remains broadly positive.
  • Growth in 2022 should also come in at 4.1%.
  • A remarkable recovery in employment this year has been accompanied by a rising participation rate, disguising the true health of the labour market in the headline unemployment figures.

Topics: Norway, Europe, Economic outlook, Risk evaluation, GDP, Recovery, Nordic, Macroeconomics, Country Economic Forecast, Covid19, Covid restrictions

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