The Norwegian economy fell more than ever before in the second quarter

The mainland Norwegian BNP went up 3.7% in June. However, that is not enough to make up for the decline earlier this year.

In this year’s second quarter the BNP declined by 6.3%, the greatest quarterly fall Statistics Norway (SSB) has ever measured.

Activity in the Norwegian economy fell drastically after the introduction of strict infection control measures the 12. March. BNP for main-land Norway declined 7.3% in March and a further 4.1% in April.

In May and June economic activity increased, but the activity level in June is still nearly 6% lower than in June than it was in February.      

© NTB Scanpix / #Norway Today