Stimulus Seen Fading in Norway as Economy Survives Oil Crash
- Rise in crude prices signals increased income next year
- Government seen boosting oil money spending at slower pace
Pedestrians pass a public tram on a shopping street in central Oslo, Norway.
Photographer: Krister Soerboe/BloombergThis article is for subscribers only.
The Norwegian government is seen rolling back some its massive fiscal stimulus amid signs the economy of western Europe’s largest oil producer is on the mend.
The government will unveil stimulus substantially below the 1.1 percentage point push it provided this year, according to economists at Svenska Handelsbanken and DNB ASA. Conservative Prime Minister Erna Solberg is on Thursday presenting her last budget ahead of next year’s election.