Country Forecast Norway Updater

  • ID: 2114053
  • November 2015
  • Region: Norway
  • 16 Pages
  • The Economist Intelligence Unit
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The right-of-centre minority government, comprising the Conservatives and the Progress Party (FrP), is reliant on parliamentary support from two smaller, centrist parties, the Liberals and the Christian Democrats. They opted not to join a formal coalition (primarily owing to concerns over the presence of the FrP). Intra-party tensions will continue to surface on occasion, particularly on issues relating to immigration, which will remain high on the political agenda. Support for both main parties has declined since the 2013 general election, amid criticism that tax cuts have mainly favoured the rich, but The Economist Intelligence Unit's baseline forecast is that the government will serve its full term to late 2017.

Modest progress is likely from efforts to strengthen business activity in the mainland economy, against the backdrop of declining oil output. The govern-ment has set out proposals to cut the headline corporation tax rate from 27% to 22% by 2018. A modest fiscal stimulus was announced in the draft 2016 budget.

Norges Bank (the central bank) cut its main policy interest rate to a record-low 1% in June 2015, and then to 0.75% in September. Further loosening is likely, given the challenging economic outlook, but not until early 2016.

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Country Forecast Norway Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Norway's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market

Fact sheet

Outlook for 2016-20: Political stability

Outlook for 2016-20: Election watch

Outlook for 2016-20: International relations

Outlook for 2016-20: Policy trends

Outlook for 2016-20: Fiscal policy

Outlook for 2016-20: Monetary policy

Outlook for 2016-20: Economic growth

Outlook for 2016-20: Inflation

Outlook for 2016-20: Exchange rates

Outlook for 2016-20: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data sources and definitions
Global data
Domestic data

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Note: Product cover images may vary from those shown


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