๐ณ๐ด Oil Price Shock Impact on Norway
Modeled estimates of how a sudden oil price increase (to $128/barrel, realistic sensitivity) would affect different sectors of Norway's economy.
Sectors
- โ๏ธ Travel & Tourism โ estimated +10.2% to +18.7%
- ๐ Transportation โ estimated +13.6% to +24.9%
- ๐ Food & Groceries โ estimated +5.1% to +12.5%
- โก Energy โ estimated +17% to +31.2%
- ๐๏ธ Construction โ estimated +6.8% to +14.5%
- ๐ General Cost of Living โ estimated +8.5% to +16.7%