Norway Reviews GDP Growth Estimates as Oil Plunge Continues

Norway signaled it may cut its economic forecast for next year as a slump in oil prices threatens growth in western Europe’s biggest crude exporter.

“We will still have economic growth in Norway in the years to come,” Prime Minister Erna Solberg said yesterday at a press conference in Riga. “We will now look if the impact makes it look a little bit smaller, we don’t have a new figure yet.” The government in October predicted 2 percent economic growth for 2015.