read moreĪgreement on the wage settlement in Oslo municipality (E24) What is so strange and a bit funny is that all the parties involved are very happy. Thorstein Opsahl, machine driver and municipal council candidate in Lier Frp) (Nettavisen) Wow, the 5.2 per cent you got in salary increase has been eaten up (Norwegian debate. The gas and oil revenues make Norway richer, but most people right now a little poorer. The damned oil money makes the holiday and the loan more expensive (Terje Erikstad, DN)
Overall, the Norwegian business structure contributes to the fact that the effects of a devaluation of the krone on activity in the export sector are small and come with a lag. However, the effects on the economy are complex and depend on the starting point. A weaker national currency in principle contributes to an improvement in the foreign economy and to increased activity, while international purchasing power decreases. The devaluation of the krone leads to higher price increases, higher interest rates and increased public spending at the expense of households. The devaluation of the krone: Can strengthen the public sector at the expense of households (Are Haram, Finansavisen) The oil fund has never been worth more than it is now, he says. The direct effect is that the summer holidays and the goods in the shop become expensive, but I think people may forget that we have a trade surplus in Norway. Then there is no ceiling, says Eek-Nielsen, but adds: – It is a bit funny that the weak krone is presented as a big problem. Should we now see a meltdown of the stock market, oil and gas prices collapsing and life and pension funds having to sell kroner, then we don’t know where it will stop. – We operate with scenarios of NOK 14 against the euro. – The way the market has become now, with a strong lack of liquidity and a lot of nervousness, it is important to avoid that one’s own trades become too large for the market, says Nordea’s currency strategist Ole Håkon Eek-Nielsen. Here is the experts’ horror scenario for the crown (DN)
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