Norway’s Economy Rebounds to Biggest Gain in Almost Three Years

Norway’s economy surprised with better-than-expected growth in the first quarter, expanding at the fastest pace in almost three years, vindicating the central bank’s cautious stance on easing.

Mainland gross domestic product, which excludes Norway’s oil and gas industry, grew 1% in the first quarter from the previous three months when the economy contracted 0.4%, according to data from the statistics office on Thursday.