NEWS

Financial / Investment

Norway Rates Seen Rising in September, GDP to Accelerate in 2022, Agency Says

Category: Business News

OSLO, June 4 (Reuters) – The Norwegian economy will grow less than expected this year but at a faster pace in 2022 than previously anticipated, Statistics Norway (SSB) said in updated projections on Friday. “The vaccination of the population is progressing well, and the reopening of society will give a significant boost to economic activity […]

Source: Reuters


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Policy rate unchanged at zero percent

Category: Business News

Norges Bank’s Monetary Policy and Financial Stability Committee has unanimously decided to keep the policy rate unchanged at zero percent. In Monetary Policy Report 1/21, which was published on 18 March, the policy rate forecast indicated a gradual rise from the latter half of 2021. Economic developments have been largely in line with the projections in the […]

Source: Norges Bank

Published: May 6, 2021


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America is Getting Ready for Its Post-Pandemic Glow-up

Category: Business News

America is getting ready for its post-pandemic glow-up. Peak sweatpant has passed and high heels are hot again, in the ultimate symbol of an economy ready to let loose. Americans are booking beauty services, buying going-out clothes again, and readying for a “hot vax summer” as they emerge from lockdown looking and feeling different than they […]

Source: Business Insider


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Norway’s Economy to Surpass Pre-Pandemic Level This Year

Category: Business News

The Norwegian economy is set to surpass its pre-pandemic size by the end of 2021 amid a strong rebound in growth, the International Monetary Fund (IMF) said in a report on Monday. Mainland gross domestic product (GDP), a key measure that excludes the volatile impact from Norway’s oil and gas output, is projected to swing […]

Source: Reuters


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Norway Wealth Fund Should Invest in Fewer Companies, Government Says

Category: Business News

Norway’s $1.3 trillion wealth fund, the world’s largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday. The move reflects the growing awareness among international investors about risk in the environmental, social and […]

Source: Reuters


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