Norway Trims 2026 Non-Oil GDP Growth Forecast to 1.8%
Norway cut its 2026 non-oil GDP forecast to 1.8% today, citing global uncertainty. Officials warned that international conflicts could weigh on future exports.
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The Labour Party government of Norway has revised its economic growth projections for 2026 as it commences work on the upcoming fiscal budget. According to official statements released on Monday, the government now forecasts that non-oil GDP, a critical measure of mainland economic activity, will grow by 1.8% in 2026. This represents a downward revision from the 2.1% growth rate previously estimated in October.
