Soft Norway GDP supports easing case


OSLO: Norway’s economy lagged expectations last quarter by barely growing in part due to a lower fisheries catch, with underlying trends likely still keeping the nation’s central bank on hold before it plans more easing next year.

Mainland gross domestic product (GDP), which excludes Norway’s offshore energy and shipping industry, grew 0.1% in the July-to-September quarter compared with a revised 0.5% gain in the previous three months, according to data last Wednesday from the statistics office.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit rises to 3.97 as US-Iran ceasefire lifts market
AI,�eCommerce�tailwinds to buoy logistics sector
Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
Bus Cap secures Bursa Malaysia nod for ACE Market listing
MM Computer moves forward with IPO
Malaysia prepares�carbon pricing rollout
SC appoints Manoj Kurup as executive director for enforcement
Ageing population shifts�the re-rating narrative
Infoline unit to buy RM19mil factories

Others Also Read