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.

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