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Norway Rates Seen Rising in September, GDP to Accelerate in 2022, Agency Says
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Norway Rates Seen Rising in September, GDP to Accelerate in 2022, Agency Says
Business
Date posted: 10.06.2021
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 in Norway. The first interest rate hike will most likely be in September,” SSB said.
Non-oil gross domestic product (GDP) will rise by 3.1% in 2021, the agency predicted, less than the 3.3% growth predicted in March.
Source: Reuters