Norway economy exceeds expectations and presses the central bank

The Norwegian economy surprised everyone to grow it at a faster pace than expected during the second quarter in a row, causing increased pressure on the Norwegian Central Bank to reconsider its plans to provide more monetary facilitation.

On Thursday, Bloomberg News reported that the GDP increased the Norwegian Marine Energy Sector, by 0.6 percent during the first quarter of the year, that is, during the period from April to June, compared to the previous three months. Thursday, the result exceeded the highest estimates of analysts in a poll conducted by “Bloomberg”. The average analysts’ estimates were to achieve 0.3 percent growth, the same as the Norwegian Central Bank (Norgis Bank). (Sky News)