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Norway

Morgenrapport Norge —

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

Morgenrapport Norge —

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

Fast Comment Norway — Revised fiscal budget for 2019: Surprisingly expansionary

  1. Revenue spending increasing to NOK 238bn this year, up from NOK 220bn in 2018
  2. Fiscal impulse of 0.5 percent this year, above Norges Bank's estimate
  3. All else equal: increases the possibility for two more rate hikes this year

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

Morgenrapport Norge —

Halfdan Grangård, Senior Economist | hagr11@handelsbanken.no

Fast Comment Norway — GDP growth dampened by lower electricity transmission; underlying momentum holding up well

  1. Mainland GDP growth slowed to 0.3 percent in Q1, down from 1.1 percent in Q4 2018
  2. Largely as expected; some of the slowdown is temporary
  3. Norges Bank to hike its policy rate in June

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

Morgenrapport Norge —

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