Norway’s fading rebound a warning sign for others

Given Norway’s decision to re-open its economy comparatively early, its post-lockdown experience has been watched closely for clues as to how other economies could expect to fare. The latest monthly data showed that mainland GDP continued to expand in July, but the slowdown in growth relative to June suggests that the low-hanging fruit may have now largely been picked. So just as bands frequently face the issue of difficult third albums, and José Mourinho is famously prone to struggling in his third season in charge, it seems that the third month of post-lockdown activity is trickier than the first two.