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Macro - Country Economic Forecasts - Norway

Publisher Oxford Economics
Published Jun 24, 2025
Length 8 Pages
SKU # OFE20204896

Description

We've slightly raised our 2025 mainland GDP growth forecast for Norway by 0.1ppt to 1.5%. We've increased our extraction investment forecast after petroleum companies revised their planned investments for this next year. The remainder of our forecast assumptions remain broadly the same as the last month.

Table of Contents

8 Pages
Norway: Norges Bank has dropped its hawkish bias
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

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