Things are starting to turn around for the Norwegian economy . From this point, things will only get better, Nordea predicts in a new macroeconomic report.
The “oil brake” is not as strong as before, interest rates have almost hit the bottom and unemployment has reached its peak. These are some of the ingredients that make the Nordea economists optimistic on behalf of the economic prospects of Norwegian mainland.
They believe that Norges Bank has made its last rate cut for a long time and that the krone will strengthen in times ahead. But the low interest rates will contribute to strong growth in house prices and housing construction.
Since the autumn of 2015 the Norwegian inflation has hovered around 3 percent. The report “Nordea Economic Outlook” predicts that inflation will decline and remain at 1.5 percent at the end of 2017.
Source: NTB scanpix / Norway Today