GDPContraction

Norway’s Surprising GDP Contraction Sparks Easing Strategies by Central Bank

2 months ago

In a startling economic development, Norway's Gross Domestic Product (GDP) has unexpectedly contracted, raising questions about the country's economic resilience and prompting the Norges Bank to consider adjustments to its monetary policy. The contraction, recorded in the latest quarterly report, disrupted the predictions of many analysts who had anticipated steady growth following a robust economic recovery phase.

Canada's Economy Experiences Unexpected Contraction in November 2023

4 months ago

In a surprising turn of events, Canada’s economy reported a contraction in November 2023, marking the first decline this year. According to fresh data released, the overall gross domestic product (GDP) witnessed a decrease of 0.1%, raising concerns among economists and policymakers regarding the potential long-term effects on the nation’s economic landscape.