Norway's mainland economy grew 0.4% in January, surpassing expectations and central bank's forecast.

Norway's mainland economy grew by 0.4% in January, outperforming expectations, as wholesale and retail trade and the electricity industry contributed positively to the growth. This stronger-than-anticipated expansion eases pressure on policymakers to begin monetary easing amid the higher cost of living. The growth beats the highest estimate of economists surveyed by Bloomberg and the central bank's estimate of a 0.2% drop.

March 18, 2024
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