Norway's GDP Falls Below Estimates, Experiencing Largest Decline in 15 Months

Norway’s economy trailed expectations in April by contracting the most in 15 months, painting a dimmer picture than suggested by recent data.

Mainland gross domestic product, which excludes Norway’s offshore industry, contracted 0.4% from March, the biggest decline since January 2022 and the third monthly fall in the last four months, according to data from the statistics office on Tuesday. Norges Bank and analysts surveyed by Bloomberg had expected an increase of 0.1%.

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