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Quarterly Global Market Report Q4 2020

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63 November, 2020 Norway Global: 11 Availability: 12 Cost: 51 Regulation: 5 Productivity: 23 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40) Region: 6 Availability: 9 Cost: 28 Regulation: 4 Productivity: 7 Remote Readiness 10 Remote Readiness 16 $17 billion USD has been spent in response to Covid-19 in Norway. The main economic policies include: • Wage subsidies for workers temporarily laid off • Enhanced unemployment benefits • Increased sickness and childcare benefits • Compensation for fixed costs for businesses • Reduced taxes and social insurance contributions • Investment in start-ups https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Norway categorises countries based on risk. Any traveller coming from a high risk country needs to provide a negative test result on arrival and quarantine for 10 days. Masks are mandatory in public place. Schools are generally open. 5.4% 4.7% 0% 20% Norway Regional Ave. % of GDP Norway Q4 2019* Q4 2020* % Change YOY Total Workforce 2.85M 2.84M -0.4% Unemployment Rate (%) 3.7% 5.2% +41% Unemployed Workers 106K 148K +40% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ Eurostat

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