How to find the best stock in Norway
Stock market returns are down in Norway, with a big fall in Norwegian cruise stocks and a strong sell-off in the airline sector.
The Norwegian stock market has lost 5.4% in 2017.
The index has fallen by more than 40% over the past year.
In fact, the country’s stock market fell in the week ending December 7, which is a record low.
It is the biggest drop in the world.
“The country’s index has lost more than 20% over last five years,” Norwegian Finance Minister Svein Skovbye told NRK broadcaster.
“Stock markets are so volatile that it’s really difficult to know which companies are going to do well and which are going down,” he said.
“It’s also not easy to see the direction of a market.
You can’t tell if a company is rising or falling.”
Norway’s share market has been in the red for years, but this year it has lost about 30% of its value since the beginning of the year.
Skovaye said that had happened after the country joined the Eurozone in January.
“It’s difficult to forecast when a market will go down, because it’s so unpredictable,” he explained.
“When you have such high volatility in the market, it’s not clear which stocks will do well.”
Norwegian stocks have been losing more than 1% per year since the start of the decade, according to Bloomberg data.
That is a rate that has seen the country plunge from being the third-largest economy in the European Union to the third largest in the Americas.
“There is no doubt that Norway’s stock markets are the most important indicator of the countrys economy,” said Søren Hovig, an analyst with the investment bank UBS.
“They provide a reliable measure of how the economy is performing, but they are also very volatile.
It is hard to predict what is going to happen.”
Norways is the world’s fourth-largest stock market, and Skovay said the country needed to improve its stock market performance.
“I think the Norwegian stock markets have been in a long-term decline,” he added.
Norway has been hit by a series of global financial crises since the early 2000s.
The government has been trying to cut the public sector deficit by cutting subsidies for pensions and salaries, and by cutting public spending, and it has also been trying desperately to boost the economy.
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