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Norway says its economy may contract 4% this year

Also known as non-oil gross domestic product, mainland GDP is a key economic indicator for policy-makers when deciding how much to spend.

Spending from the country’s wealth fund, which in average years is expected to be no more than 3% of the fund’s value, could rise to between 3.9% and 4.7% in 2020, from an original plan of spending just 2.5%, the ministry said.

EU sharpens its weapons to see off the looters and pillagers

No lockdown here: Sweden defends its more relaxed coronavirus strategy