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Consumers in Norway have a strong confidence in their county's economy. As a result of this, Norwegians are actually trading up to premium products instead of shifting towards private label products. Nicklas Nilsson, research analyst at Euromonitor International, states that consumer confidence is so high in Norway that consumers are convinced that their economy won't be affected by the downturn. Norwegian manufactures have taken advantage of this mindset and are releasing products with multiple benefits.
How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.
By Euromonitor International5
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Consumers in Norway have a strong confidence in their county's economy. As a result of this, Norwegians are actually trading up to premium products instead of shifting towards private label products. Nicklas Nilsson, research analyst at Euromonitor International, states that consumer confidence is so high in Norway that consumers are convinced that their economy won't be affected by the downturn. Norwegian manufactures have taken advantage of this mindset and are releasing products with multiple benefits.
How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.