Norway: Background Paper
Summary:
This Background Paper examines the medium-term economic outlook (1997–99) for Norway. The central feature of Norges Bank’s reference case projection for the medium term is that the expansion of mainland output will slow from 3.3 percent in 1995 and 2.8 percent in 1996 to an annual average of 2 percent in 1997–99. Overall GDP growth will also slow from about 4 percent in each of 1995 and 1996 to 2 percent in 1997–99. Inflation is forecast to remain low, at 2 percent in 1996 and on average 2.3 percent per year in 1997–99.
Series:
Country Report No. 1996/015
Subject:
Banking Commercial banks Commodities Expenditure Financial institutions Income Labor National accounts Oil Pension spending Pensions
Notes:
This report on Norway was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Norway or the Executive Board of the IMF.
English
Publication Date:
March 15, 1996
ISBN/ISSN:
9781451829624/1934-7685
Stock No:
1NOREA0011996
Pages:
110
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