Olso. Roald, Berit / NTB
The political situation in Norway
GDP shock in Norway - increasing pressure on the central bank
Mainland Norway's GDP unexpectedly fell by 0.4 percent in April, which was the biggest decline in 15 months. An increase of 0.1 percent was expected, according to Bloomberg.
Several economists tell E24 that inflation and interest rate hikes ultimately seem to have dampened Norwegians' consumption.
- It is an effect we have been waiting for. Now it seems that the long-awaited brake is coming, says DNB Market's chief economist Kjersti Haugland.
Handelsbanken's chief economist Marius Gonsholt says that the GDP figure shows a clear turnaround in the economy, which increases the pressure on the central bank, which is still struggling with far too high inflation.
- There will be difficult decisions going forward about how high the interest rate should be set, he says.
Petteri Orpo. Antti Aimo-Koivisto / AP
The change of power in Finland
Final sprint in the negotiations - could be completed tomorrow
After seven weeks of government negotiations, government prober Petteri Orpo states that everything will probably be ready tomorrow, writes Hufvudstadsbladet.
It has been a lengthy process where the True Finns previously announced that they intended to withdraw from the negotiations if the parties did not reach "sufficient results".
The negotiations have been ongoing since May 2. The negotiations include the True Finns, the Swedish People's Party, the Christian Democrats and the Collection Party led by Petteri Orpo.
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