Norway’s economy is headed for a soft landing, as high investment and a strong labor market cushion the impact of high borrowing costs, Prime Minister Jonas Gahr Store said.
Increased interest rates in Norway and internationally have been “taking down the temperature” in the Nordic country’s economy, the premier said Tuesday in an interview with Bloomberg in Oslo. Even so, he is comforted by an employment rate of 70% and central bank forecasts of rising purchasing power from next year.
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