Market Forces Are Stoking Norway's Comeback, Labor Leader Says
- Store says currency, low wages stoking economic optimism
- Labor pledges stable tax regime for petroleum industry
Buildings are reflected on the water at sunset in Oslo.
Photographer: Cornelius Poppe/AFP via Getty ImagesThis article is for subscribers only.
Seeking to head off a potential bragging point for Prime Minister Erna Solberg in next month’s election, her top challenger said market forces are the key to Norway’s economic revival.
"The most important contribution to the turnaround in Norway is a weak currency, low interest rates and moderate wage negotiations,” Labor leader Jonas Gahr Store said in an interview after a speech in Oslo on Thursday. ”This is by far the most important reason for seeing renewed optimism among Norwegian businesses.”