Economic outlook
You’ll find archives on DNB Carnegie’s (formerly DNB Markets) semiannual forecasts “Economic Outlook” here.
Chief Economist Kjersti Haugland and her team presents economic forecasts in the report "Economic Outlook". Find the full report at this page or on the research portal DNB Alpha.
DNB Carnegie sees signs of improvement on the horizon
(August 19, 2025) The macro analysts at DNB Carnegie have released the report “Economic Outlook” with updated projections for the Norwegian and international economy.
After months of turbulence, marked by major shifts in U.S. trade policy and at times highly volatile markets, the economists now see the outlines of the new framework the world faces in its trade with the U.S. The dollar has taken a significant hit, and political pressure on the Fed is intense. What will be the economic consequences—at home and abroad—of Trump’s maneuvers? When, and at what levels, will interest rate floors be reached in Norway and among our trading partners, and what will that mean for exchange rates?
Economic Outlook
Semiannual forecasts
The semiannual report “Economic Outlook” is presented by our macro analysts in January and August, respectively. The report is also published in the research portal www.dnbalpha.com .
Starting in the second half of 2024, the report is only available in English.
Economic Outlook August 2025 (PDF)Open the file in a new tab
Economic Outlook January 2025 (PDF)Open the file in a new tabEconomic Outlook August 2024 (PDF)Open the file in a new tabEconomic outlook January 2024 (PDF, Norwegian)Open the file in a new tabEconomic outlook August 2023 (PDF, Norwegian)Open the file in a new tabEconomic outlook January 2023 (PDF, Norwegian)Open the file in a new tab
Disclaimer
The views expressed in reports available on this website reflect the views of the macro analysts on the different markets and conditions. Opinions in the forecasts represent the macro analysts’ current opinion – at the time the reports are prepared – and can be changed without notice.
The reports have been prepared for information purposes only by DNB Carnegie. The reports are DNB Carnegie’s property.
The note (the “Note”) must be seen as marketing material and not as an investment recommendation within the meaning of Regulation (EU) NO 596/2014 on market abuse (Market Abuse Regulation) and associated rules, implemented in the relevant jurisdiction.