Economic optimism logs a decline

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A new survey indicates that many Norwegians don’t think their country’s economy will be as strong next year as it is now. Rising concerns about a new Corona crisis are to blame.

Even though top Norwegian politicians are resisting any shutdowns like those seen elsewhere in Europe, many apparently worry that infection protection measures will take a toll and that recovering businesses still face setbacks.

News bureau NTB reported that declines logged in the latest consumer confidence index compiled by research firm Opinion come after a period of rising optimism in line with an easing of Corona restrictions and gradual reopening of society. Figures for November, however, reflect the sharp rise in Corona infection and return of restrictions internationally.

“That disturbs the trend and tests the Norwegian economy again,” Henrik Høidahl of Opinion told NTB. He stressed, however, that the index for November was still 3.1 points higher than in November of last year, before vaccines were made available and restrictions were still in place.

newsinenglish.no staff