Norway: Background Paper
March 15, 1996
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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.
Subject: Banking, Commercial banks, Commodities, Expenditure, Financial institutions, Income, Labor, National accounts, Oil, Pension spending, Pensions
Keywords: Commercial banks, CR, EU membership, Europe, financial asset, gas export, Income, ISCR, labor market program, NIS pension entitlement, Norway, Oil, pension, Pension spending, Pensions, petroleum sector, state
Pages:
110
Volume:
1996
DOI:
Issue:
015
Series:
Country Report No. 1996/015
Stock No:
1NOREA0011996
ISBN:
9781451829624
ISSN:
1934-7685
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.
