Norway Downgrades 2026 Non-Oil GDP Growth to 1.7%, Raises Inflation Forecast to 3.2%

According to the Norwegian government's latest economic forecast released on May 12, non-oil GDP growth for 2026 is projected at 1.7%, down from the 2.1% estimate issued in October 2025. Core inflation expectations for 2026 were simultaneously raised to 3.2% from the previous forecast of 2.5%.
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