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Oslo to boost sovereign fund withdrawals
Norway plans to increase withdrawals from its sovereign wealth fund to 608.4 billion Norwegian kroner ($63.61 billion) next year, in order to boost spending based on its revenues. The country continues negotiations with centrist and left-wing parties to pass the plan. Institutions forecast that GDP growth will slow to 1.1% this year, while increasing their growth forecast for 2027 to 1.7%. Additionally, the government expects core inflation to decrease to 2.8% by 2027, with the non-oil deficit remaining stable at 2.7% by the end of 2026.
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