Norway's economy grew for the third straight quarter this year as a rebound in purchasing power boosted consumption and a weaker currency supported exports. The Norwegian Statistics Office said in a statement issued Thursday that the GDP in the mainland, which excludes the energy industry and shipping, increased by 0.1 percent in the second quarter of this year compared to the previous quarter. It did not mention the rate of economic growth in the third quarter. Wage growth remains steady at more than 5 percent, while the Norwegian krone, at a four-year low, is helping demand for Norwegian exports abroad and the tourism sector, the statistics office said, adding that household consumption rose 1.6 percent quarter-on-quarter, driven by a strong increase in car purchases, the statistics office said. Source: Qatar News Agency
Related Posts
Microsoft invests $1.5 billion in Abu Dhabi’s G42
Abu Dhabi, G42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft today announced a $1.5 billion strategic investment by Microsoft in G42.
The investment will strengthen the two companies’ collaboration in b…
CBB 12 Month Treasury Bills Issue No. 116 oversubscribed by 142%
Manama, This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 142%.
The bills, carrying a maturity of 12 months, are issued by the Central Bank of Bahrain (CBB), on behalf of the Kingdom of Bahrain.
The issue date …
Qatar Ranks 1st in Arab World in Quality of Life Assessment Index for 2021
The State of Qatar has topped the list of 20 Arab states in the assessment index on the quality of life of Arab citizen, which gauges the extent of economic welfare and lifestyle, as well as new parameters approved as part of other indices for the asse…