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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