1. Market Research
Country Forecast Norway July 2018 Updater

Country Forecast Norway July 2018 Updater

  • July 2018
  • ID: 1697908

Summary

Table of Contents

Search Inside



  • Norway has a history of coalition government and cross-party consensus that typically delivers a high level of political stability. There is no right of dissolution between elections. The September 2017 election delivered another centre-right parliamentary majority. A new government was formed in January, after the Liberals decided to join the Conservatives and the Progress Party (FrP) in a coalition. This is a minority administration, as the centre-right Christian Democrats (KrF) decided to go into opposition.
  • Since late 2015 the government has been tightening immigration and asylum policy significantly, and migrant flows have subsequently declined. Nevertheless, the election campaign showed that the electorate remains concerned about the integration of immigrants into Norwegian society. The FrP will continue to push for strict immigration policies, but its efforts will be limited by the Liberals' presence in the government and the KrF's role in opposition.
  • In March 2016 Norges Bank (the central bank) cut its main policy interest rate to a record-low 0.5%, amid a subdued economic outlook. Conditions have since im-proved, and the bank has adopted a more hawkish tone. The inflation target was lowered in March 2018. The Economist Intelligence Unit expects the first rate rise to take place in September, followed by a gradual policy tightening until 2022.
  • Having declined since 2014 owing to large restructuring projects in the industry, we believe that capital spending in the oil sector will increase this year, before picking up more significantly from 2019 onwards. We forecast that global oil prices will rise firmly this year, before declining in 2019-20 owing to subdued global demand. They will pick up in 2021-22, at the end of our forecast period.
  • We forecast growth of 1.9% in 2018, after real GDP expanded by 2% in 2017. Private and public consumption will remain the main drivers of growth, and investment will slow down owing to a strong base in 2017. Real GDP is forecast to rise by an annual average of 1.9% in 2019-22.
  • Inflation averaged 1.9% in 2017, below Norges Bank's former 2.5% target, but close to its new target of 2%. This year we expect inflation to pick up to 2.3%, supported by higher global energy prices, a weak krone against the euro and firm wage growth. This means that inflation is likely to remain close to target this year, as well as throughout the forecast period (in 2019-22 inflation will average 2.1%).


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on