Macro - Country Economic Forecasts - Italy

We've lowered our 2025 GDP growth forecast for mainland Norway by 0.2ppts to 1.3%. The economy ended 2024 with a surprise contraction, but we think this was driven by volatile inventories rather than weaker domestic demand.


Norway: Growth to pick up despite looming trade war
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
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

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