Tagged: economy

Cash still king, but not in Scandinavia

Sweden and Norway move toward the long-predicted cashless society M. Michael Brady Asker, Norway The cashless society has long been predicted. Economists theorize that as countries become richer, the amount of cash in circulation...

The American Dream, Norwegian style

Americans of Norwegian descent return to the old country in search of a better life Marit Tronier Halvorsen Dagens Næringsliv “Jeg kan litt norsk,” said Erik Marius Karlsen (23) with a distinct accent. The...

The great economic divide

Norway’s oil and gas sector brings growth to some businesses, while others struggle with high costs On Feb. 9, Norsk Industri presented its annual assessment of current condition and outlook for the year. “We...

Norwegians are the third richest in the world

Norwegians are the third richest in the world, according to a new report from the Swiss bank Credit Suisse. In first place are the Swiss themselves. Adult Norwegians had in 2011 an average net...

Heading for cyclical upturn in economy

The Norwegian economy is still in a slump, but appears to have bottomed out. Greater domestic demand is expected to keep the growth rate high and to take the Norwegian economy into a boom...

Marked growth in mainland Norway

Gross domestic product (GDP) for mainland Norway grew by 0.9 per cent in the 3rd quarter, compared to an increase of 0.5 per cent in the two previous quarters. The growth was led by...

Near the bottom of the cycle?

The Norwegian economy remains clearly in recession after four quarters of moderate growth in GDP for Mainland Norway. Increased domestic demand is expected to stimulate growth. But there will not be an appreciable upswing...

Still slow growth in the mainland economy

Gross domestic product (GDP) for mainland Norway increased by 0.1 per cent in the 1st quarter of 2010. Growth in both household and general government final consumption expenditure made a positive contribution, while gross...

Revised National Budget 2010

The Norwegian economy has performed better than most other industrial countries during the financial crisis and global recession. Expansionary monetary and fiscal policies, along with extensive credit and liquidity measures, have helped to mitigate...

Many households have a high debt burden

A total of 273,000 Norwegian households had a debt more than three times the size of their household income in 2008. In 74 000 of these households the debt exceeded the annual income more...