Macro - Country Economic Forecasts - Norway

We've kept our 2025 GDP growth forecast for mainland Norway at 1.5%. We think loose fiscal policy, softer inflation, and a resilient labour market driving consumption will support a cyclical rebound this year. Norges Bank's rate cuts will feed quickly into financial conditions, although the boost to growth won't fully materialise until next year.


Norway: A better year than last, but risks are finely balanced
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

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings