Research: Slumping Oil Output Weighs on Norway’s Krone

Slumping Oil Output Weighs on Norway’s Krone

By Erik Norland, Senior Economist, CME Group

Highlights

  • Norway’s oil production has shrunk by 50% from peak in 2000
  • Govt debt is low at 32% of GDP, oil reserve fund assets about 200% of GDP
  • Flattening yield curve signaling slower growth, higher unemployment?
  • Krone has underperformed pound, euro, Swedish krona and oil
Read article

 

Manage Scandi Risk

Use our Scandinavian FX futures to efficiently manage your risk.
Learn more