Havard Jonassen

The Upward Trend of Personal Debt in Norway

Thumbnail image for The Upward Trend of Personal Debt in Norway

Norway has recently begun emerging from its low oil price-driven economic slump. Private consumption and residential investments were credited as the main drivers of this news. But household debt is at an historical high, sitting at 215% of disposable income and even higher for young people. Norwegians’ debt burden has built up over decades, fueled […]

Read the full article →