Fiscal Balance in Norway

Norway Fiscal Balance | Economic News & Forecasts

Norway - Fiscal Balance

The panorama remains muted at the tail end of the second quarter, after the economy contracted at the fastest pace in a decade in the first quarter. Economic output continued to contract in April—albeit at a softer pace than in March—amid slumping industrial production and shrinking private consumption as households deferred spending plans due to heightening uncertainty. Meanwhile, exports slumped in April at the sharpest rate in over a decade as external demand collapsed in key international markets. However, the situation appears to be ameliorating somewhat toward the end of the quarter as an easing of confinement measures and a partial reopening of borders resulted in an uptick in work and leisure activities. Furthermore, a gradual rise in oil prices in the second half of Q2 and sustained government spending signals a further improvement in economic conditions going into the third quarter.

Norway - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)6.0  4.1  5.0  7.8  6.4  

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Norway Facts

Value Change Date
Bond Yield1.58-0.65 %Jan 01
Exchange Rate8.78-0.38 %Jan 01

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