Norway : 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Norway

Author/Editor:

International Monetary Fund

Publication Date:

June 11, 2007

Electronic Access:

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Summary:

This 2007 Article IV Consultation highlights that the Norwegian economy is set to grow strongly in 2007 for the fourth consecutive year. This economic performance is underpinned by strong monetary and fiscal policy frameworks. External demand, both for petroleum products and other Norwegian exports, is strong. Rapid credit growth, rising house prices, and tight labor markets are supporting domestic demand. Unit labor cost increases and core inflation have been subdued, although rapidly rising employment and increasing reports of labor shortages and wage drift indicate intensifying pressures.

Series:

Country Report No. 07/196

Subject:

English

Publication Date:

June 11, 2007

ISBN/ISSN:

9781451829808/1934-7685

Stock No:

1NOREA2007001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

60

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