Category: Accounting / Financial
The economies of Norway and several other countries are now characterised by high levels of activity and few available resources. However, the outlook for the global and Norwegian economies is highly uncertain. Supply chain disruptions, partly as a result of the Covid-19 pandemic and the war in Ukraine, have dampened growth prospects and contributed to a sharp rise in global inflation. Central banks in several countries have raised their key policy rates and announced further interest rate increases. Prospects of weaker economic growth combined with persistently high inflation have raised fears of stagflation.