Tagged: recession

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...

Norway will spend more oil money

The Norwegian economy has been affected by the global recession, but the downturn seems to be less severe than in most other countries, writes Norway’s Ministry of Finance on its website. The implementation of extensive...

Norway out of recession

OSLO – THE Norwegian economy emerged from recession in the second quarter, official data showed on Thursday, boosted by household and government expenditure. Norway’s mainland GDP, which excludes the lucrative oil and gas sectors...

Oil keeps Norway out of deep recession

Only the influence of Norway’s oil industry has prevented a dramatic slide into deep recession for the Scandinavian country’s economy, and new numbers show fourth-quarter 2008 ended a weak economic year with a major...

Key policy rate unchanged at 1.25 per cent

Norges Bank’s Executive Board decided today (Aug. 12) to keep the key policy rate unchanged at 1.25 per cent. “Inflation is approximately in line with that expected. Underlying inflation is close to the inflation...

More jobs available than in 2005

  The number of vacancies available on the job market in Norway has remained high and stable, despite the strong increase in the number of unemployed. More than 1000 vacancies are registered at the National...

Despite Energy Reserves, Norway Slips Into Recession

The slowdown in global economic activity has tipped Norway into recession, despite the country’s deep oil reserves and strong budget position. Gross domestic product for Norway, excluding petroleum-related activity, contracted by 1 percent during...

Norwegian recession

  Major government injections will not prevent the Norwegian economy from entering a recession, economists say. By BarentsObserver.no The situation both for companies and households is serious now, head economist Frank Jullum from the...

Norway, the right way

By David Berman Source: Globe and Mail Market Blog If you admired the Norwegian economy when times were good, you’ll love it now that its economy – along with the rest of the world...