Norwegian economy

Economic Survey 1-2017

Published:

As a consequence of the fall in demand from the petroleum industry, the Norwegian economy has been in a clear cyclical downturn since the autumn of 2014. However, there are signs that the decline is coming to an end, and our projections indicate a cautious economic upturn through 2017.

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Slightly brighter times ahead

Published 9 March 2017

The fall in investments in the petroleum industry is waning, exports are increasing and private demand is picking up. These factors combined will soon lead to a cautious upturn in the Norwegian economy. Following a considerable decline last year, real wages will rise slightly this year and in the next few years.

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