Macro - Country Economic Forecasts - Norway

Macro - Country Economic Forecasts - Norway



We lowered our Norway mainland GDP forecast for 2025 by 0.2ppts to 1.1%. Norges Bank's extended tight policy stance will weigh on the pace of the rebound, but recovering consumption and supportive fiscal policy mean quarterly growth should be among the highest in advanced economies by the end of 2025.


Norway: Stronger growth hinges on lower rates
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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