The Norwegian economy has bounced back to pre-pandemic levels following the government’s strategy to lift Covid measures and reopen society, Statistics Norway said Friday. 

Norway’s economy has returned to pre-pandemic levels following a 0.7 growth in June when measured by gross domestic product (GDP), statistics Norway announced on Friday. 

“It is a milestone in the completely unusual period the Norwegian economy has been in since March 2020,” Pål Sletten, head of national accounts at the data collection firm, said in a report.

Between the first and second quarters, Norway’s mainland GDP, when excluding oil and foreign shipping, increased by 1.4 percent. 

Statistics Norway believes that this is a sign that Norway is over the worst of the economic impact that Covid-19 has had on the country. 

Some economists, such as Kjersti Haugland, chief economist at financial services group DNB, expected slightly more substantial growth overall but agreed that the progress was a milestone for the Norwegian economy.  

“It shows that recovery is in full swing in the Norwegian economy,” the economist told public broadcaster NRK.

Read More – https://www.thelocal.no/20210820/norwegian-economy-back-to-pre-pandemic-levels/