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Norway

Macro Forecast Norway — Close to the peak

• Global growth and petroleum investments boost the Norwegian economy
• Mainland GDP growth will probably moderate from next year
• Wage growth is picking up, but will not reach previous heights
• Interest rates are increasing, but will remain manageable

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Global macro forecast — Global boom starting to cool

• Stimulus measures in the US fuel growth but add risk
• Bottlenecks and higher interest rates slowing global growth
• Protectionism causing uncertainty


Ann Öberg, Head of Economic Research | anob04@handelsbanken.se

Morgenrapport Norge —

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Morgenrapport Norge —

Halfdan Grangård, Senior Economist | hagr11@handelsbanken.no

Fast Comment Norway — Preview: Registered unemployment in April; LFS unemployment in February

  1. Registered unemployment has been a little higher than Norges Bank expected; will the "gap" close?
  2. Survey unemployment has been little changed since August last year...
  3. ...and we expect an unchanged reading again this time

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Still optimism in manufacturing, but momentum appears to be peaking

  1. Industrial confidence indicator at 6.3 in Q1, marginally down from 6.4 in Q4 2017
  2. Somewhat below market expectations
  3. The outlook remains positive, but the momentum appears to be peaking

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no