The government now predicts non-oil GDP, a key indicator of economic activity, will increase by 0.9% in 2023 against a forecast of 1.7% made on Oct. 6
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OSLO - Norway's centre-left government said on Sunday it had cut its economic growth projections for this year and next, while adding that unemployment is expected to remain low.
The government now predicts non-oil GDP, a key indicator of economic activity, will increase by 0.9% in 2023 against a forecast of 1.7% made on Oct. 6.
For 2024, non-oil GDP is projected to grow by 1.4%, down from 2.0% seen in October.
(Reporting by Terje Solsvik; Editing by Frank Jack Daniel)
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