Norway: Staff Report for the 2002 Article IV Consultation
Electronic Access:
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Summary:
This 2002 Article IV Consultation for Norway highlights that the mainland GDP growth edged up to an estimated 1.4 percent in 2002, from 12 percent in 2001, driven by strong consumption growth. Mainland investment and traditional exports slackened, as a result of weak external demand, high real interest rates, and an appreciation of the nominal effective exchange rate by 11.5 percent during 2002. Unemployment remained fairly stable through 2002 as the expansion of the sheltered sector offset employment losses in the exposed sector.
Series:
Country Report No. 2003/077
Subject:
Commodities Fiscal policy Fiscal stimulus Inflation Oil Oil, gas and mining taxes Prices Taxes
English
Publication Date:
March 18, 2003
ISBN/ISSN:
9781451829693/1934-7685
Stock No:
1NOREA0012003
Pages:
38
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