The IMF expects three percent GDP growth in Norway in 2021
The International Monetary Fund (IMF) expects GDP growth in Norway of 3.0 per cent in 2021 and 4.1 per cent in 2022.
This is stated in the IMF’s World Economic Outlook report (WEO), published on Tuesday.
We see the IMF a CPI growth of 2.6 per cent in 2021 and 2.0 per cent in 2022, while unemployment is expected to be 4.3 per cent in 2021 and 4.0 per cent in 2022.
Collection continues
The global recovery continues, but has at the same time lost power recently as a result of the spread of the delta variant of the coronavirus globally, writes IMF.
The IMF now estimates that growth in global GDP will increase by 5.9 per cent this year and 4.9 per cent next year, compared with the previous forecast update in July – where those estimated at the world economy should grow by 6.0 per cent in 2021 and 4, 9 percent next year.
“Delta outbreaks in critical parts of the value chains have resulted in more bottlenecks than expected, which puts greater price pressure in a number of countries. Overall, the risk elements for the economic outlook are greater, in addition to the fact that the political landscape has become more complex “, the fund writes.
They further point out that the marginal write-down in global GDP growth is due to large write-downs in certain countries, and especially in developing countries. At the same time, the forecasts for certain commodity-exporting countries have been revised upwards due to rising commodity prices.
The fear increases
Despite investors and market participants apparently expecting inflationary pressures to ease, fears of inflation have increased in the financial markets. Apart from energy prices, there is a risk that delivery problems and labor challenges will be worse than expected – and may also result in higher wages, and some even higher inflation expectations, the IMF writes.