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Macro - Country Economic Forecasts - Norway

Publisher Oxford Economics
Published Dec 22, 2025
Length 8 Pages
SKU # OFE20686074

Description

We have lowered our GDP growth forecast for mainland Norway in 2026 by 0.3ppts to 1.4%. But this is due to national accounts revisions suggesting weaker growth in H1 2025 than previously estimated, lowering the growth carryover for next year. We still expect quarterly mainland GDP growth to average 0.4% throughout 2026.

Table of Contents

8 Pages
Norway: Improving outlook despite disappointing Q3 growth
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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