More than 50% of Norwegian business leaders predict declining profit -survey

Awoman is sitting alone in the train compartment with face mask at the National Theater station, in Olso, Norway. EPA-EFE/Ole Berg-Rusten

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More than half of all Norwegian business leaders now believe their companies will see declining profits in the next 12 months, a central bank survey showed on Wednesday.

A total of 51.6% predicted profitability would weaken, an increase of 29.9 percentage points from three months ago, while only 17.6% expect profits to rise, a decline of 13.2 percentage points.

Expectations for wage growth have also declined sharply, the survey showed

Via Reuters

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