Growth is expected to pick up in 2017, after two years of weak performance. The Norwegian economy has suffered from falling oil prices from 2014 to last winter. Gross Domestic Product (GDP) is expected to grow with 1.7 per cent in 2017 according to National Budget estimates, up from estimated 1.0 percent in 2016.
Among the Norwegian government’s priorities are reduced tax rates and investments in infrastructure, research and innovation. The goverment will also increase the capacity to study ICT in Norway. You can read the English summary of Norway’s National Budget for 2017 here.
- January 23, 2017