SSB confirms decrease financial prospects

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International commerce stress and better rates of interest are prone to put a damper on financial exercise in Norway, in response to state statistics bureau SSB (Statistics Norway). “We’ve got clearly lowered our prognoser,” stated SSB researcher Thomas von Brasch after presenting SSB’s newest financial evaluation final week.

It confirms the issues of a number of different analysts and economists who assume Norway’s still-strong economic system will taper off over the subsequent few years.  Whereas debt levels and Norway’s economic dependency on its oil industry worry many, SSB additionally factors to looming commerce wars and the present financial exercise that’s anticipated to immediate Norway’s central financial institution to spice up rates of interest as early as subsequent week.

“Issues are going nicely now,” stated von Brasch when SSB offered its report, “however sooner or later, with weaker worldwide progress prospects, investments shall be extra modest and put a damper on progress right here, too.”

To see SSB’s full report, click on here (exterior hyperlink to SSB’s web site). workers