Norwegian economy has picked up pace again after having been almost at a standstill since 2023.
GDP growth during the second quarter was 0.6 percent compared to the first quarter. It was admittedly lower than during the first quarter, but clearly higher than the economists' expectations and shows that the Norwegian economy is now recovering after years of high inflation and high interest costs.
The growth figure, which excludes the oil sector, can however make the Norwegian central bank think again. The announced cuts in the key interest rate, from high 4.25 percent, may be put on hold, writes the news agency Bloomberg.
