Norway Construction Market: Government Initiatives to Develop Transport Infrastructure and Enhance Regional Connectivity to Fuel Growth
Government efforts to balance demand and supply for housing and energy are expected to support construction industry growth over the forecast period. There are risks associated with the Norwegian construction industry outlook; most notably, low oil prices and its transitional economy. Low oil prices are expected to affect government earnings from oil exports, as 25% of the country's total economic output is dependent on the oil and gas sector. Any decline in oil revenues is therefore expected to negatively weigh...
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