- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

Headwinds face Norway after surprise rate-cut

Norway’s krona fell to 13-year lows last after it cut interest rates to 0.75% on Thursday and revised growth projections downward due to troubles in the oil and gas sector.

So what headwinds face Norway?

US-bases R-Squared Macro said that the low price of oil – a reflection of global oversupply – is by far the biggest problem for Norway.

“The oil and gas industry accounts for 20% of Norwegian GDP and the ongoing suppression of oil prices has weighed heavily on growth. As highlighted in the Bank's statement, growth projections were revised downward due to further declines in oil investment and the potential for low oil spillover into other parts of the economy.  Low oil prices throughout the summer necessitated the most recent cut,” its report on the Scandinavian country said.

On the positive side, a weakening krone is likely to help exports.

“Even though a weaker krone should also spur inflation, Norges Bank believes that low wage growth will keep inflation down once the transitory effects of depreciation have passed. Because Norway's inflation is already above the 2.5% target at 2.9%, the Bank is expecting inflation to edge farther from target in the short term before readjusting to target,” R-Squared Macro said.

As stated in the press release, the Norges Bank will likely ease to nearly 0.5% by 2016 before increasing to 1.0% by 2018. The decision to ease further is directly in response to the outlook for oil, which is expected to curb Norway's growth.

“However, the Bank is concerned that housing prices and household debt will continue to increase with lower-than-expected bank lending and mortgage rates, which will be go lower as the bank cuts rates. The bank predicts that although household consumption is strong now, it will decrease as output slows and companies release workers. The Bank hopes that households will be forced to spend less due to low wages, even if low interest rates tempt spending”, R-Squared Macro said.

"Unemployment in Norway is relatively low at 4.3%, but it is expected to increase due to layoffs in the oil and gas sector. In August there was a measured decline in industry capacity utilization and wage growth.  In the longer-term, Norges Bank expects that excess slack in the economy will keep wage growth low, thereby boosting companies' profits and perceived competitiveness. The Bank hopes that excess slack in the short-term will permit additional easing, which will benefit longer-term growth.”

Last Updated (Sunday, 27 September 2015 05:19)

 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner