Labour import gives economic growth

The import of labour from the new EU member nations gives Norway a low interest rate and high economic growth, according to many economists. - The increased import of labour leads not only to increased building of homes in this country. It also leads to increased growth in all sectors of the Norwegian economy, says Nordea economist Anette Einarsen.

The reason is that the increased number of East European carpenters helps keep salaries down, and this has stopped the increase in costs and prices.

First of all it reduces shortage of labour in the building industry, where growth of wages and salaries has been moderate, despite a strong increase in activity, Einarsen says. She also believes that without the import of labour there would also have been an increase in interest rates.

(NRK)
Rolleiv Solholm

1°C

Norway

Cloudy

Humidity: 94%

Wind: 6.44 km/h

  • 22 Nov 2017 5°C -1°C
  • 23 Nov 2017 2°C -5°C
Banner 468 x 60 px