Outlook for Norwegian Economy
Together with DNB and partner British-Norwegian Chamber of Commerce, AmCham members gained expert insight on the global economy from DNB Senior Economist Knut A. Magnussen. Mr. Magnussen highlighted economic trends across the US and Europe and provided an analysis of the impact on Norway’s economy.
The analysis included forecasts of an oil related slowdown and how this will impact Norway’s unique economic position. Following the previous day’s US elections, Mr. Magnussen also explained how the change in US congressional balance could affect key American issues including taxes and the Keystone pipeline. The evening concluded with some time for networking and refreshment between the two chambers.
According to DNB’s Knut A. Magnussen, the golden age is over for Norwegian oil and manufacturing.