Slightly brighter times ahead
(WorldNews Norway)

The fall in investments in the petroleum industry is waning, exports are increasing and private demand is picking up. These factors combined will soon lead to a cautious upturn in the Norwegian economy. Following a considerable decline last year, real wages will rise slightly this year and in the next few years. The fall in demand from the petroleum industry since the end of 2013 combined with many years of weak global demand trends continue to impact on the Norwegian economy. The economic downturn has now lasted two and a half years. GDP growth for mainland Norway has picked up somewhat through 2016, following near-zero growth throughout 2015, and we expect growth to increase further going...