New Country Reports research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 02/04/2013 -- Core Views
We are forecasting real GDP growth of 3.5% in 2012, dipping to 2.1% in 2013. The former would represent the highest full-year growth figure since 2004, while the latter would be in line with the 2000-2008 annual average.
The Norwegian economy has enjoyed the tailwind of a debt-driven property boom over the past two decades - a fact we suspect will soon prove a serious macroeconomic weakness. Household debt and property prices appear to have reached unsustainable levels.
Norway's next parliamentary election will be held in September 2013, with Prime Minister Jens Stoltenberg's Labour Party attempting to retain its ruling coalition. At this point, however, the opposition coalition led by the Conservative Party looks most likely to take over the reins of government.
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