NORWAY

摘要

1. Unlike its neighbour Sweden, it appears that Norwegian economic recovery has faltered, with mainland GDP posting a disappointing 0.1% (q-o-q) rate in Q1. After leading the way last year, this brings Norway back in line with growth in Europe as non-oil trade failed to pick up.rn2. Further data also suggest a slowdown in activity. Retail sales have seen year-on-year growth rates shrink in recent months, while the PMI for manufacturing has been edging backdown, falling to just over 50 in May. On the back of this, the 2010 economic outlook for Norway has deteriorated slightly this month.