Nordea: Norway's downturn in shipping and oil beats 1987
Norway is hit hard by the downturn in the shipping and offshore industries. "The companies have overall been reduced by half. This is much worse than the slump in 1987," says Nordea in Oslo.
BY TOMAS KRISTIANSEN
As a shipping and oil nation, the downturn for the two industries in 2014 has hit Norway hard. And Nordea Investment Management points out that next year could be even worse.
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