Indicators
Norway’s Economy Ekes Out a Gain for Third Straight Quarter
- Mainland GDP grows 0.1% in second quarter from prior period
- Economy is weathering interest rates at a 15-year high
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The Norwegian economy recorded a third consecutive quarter of expansion, as a recovery in purchasing power bolstered car purchases and a weak krone underpinned exports.
Mainland gross domestic product, which excludes offshore energy industry and shipping, grew by 0.1% in the second quarter from the previous three months, according to a release from Statistics Norway published Thursday. First-quarter growth was revised lower to 0.1%.