Despite international turmoil surrounding trade conflict and Brexit, Prime Minister Erna Solberg of Høyre (H) believes the outlook for the Norwegian economy is good.
‘’The good developments are reflected in the labour market’’ Solberg said in the debate on the revised national budget in parliament on Friday.
‘’Employment is growing stronger than in a long time. Just over the past three years, 109,000 more people have been employed. The percentage that are in work increases after several years of decline’’ she said.
‘’It is particularly gratifying that employment arrived in the private sector – four out of five over the past year’’ said the Prime Minister.
Solberg showed that growth is good in the Norwegian economy, that the willingness to invest is high, both in the mainland economy and on the Norwegian continental shelf. The activity in the business sector increased and we are seeing trends for new industrialisation in Norway.
At the same time, she pointed to uncertainty related to the trade conflict between the US and China and the UK’s withdrawal from the EU.
‘’We enjoy the good developments, where more people get work and the growth in the economy seems to be high. But of course we should also take into account the challenges that may possibly come from outside’’ Solberg said.
© NTB Scanpix / #Norway Today