Norway: Staff Report for the 2009 Article IV Consultation
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Summary:
This paper presents the staff report for Norway’s 2009 Article IV Consultation on economic developments and policies. Unemployment remains low, and key short-term indicators point to a continued recovery. Norway’s resilience has been underpinned by substantial macroeconomic stimulus, buoyant activity in the offshore hydrocarbon sector, high public sector employment, limited dependence on the hardest-hit segments of global manufacturing, and the relative stability of the domestic financial sector. Brisk oil sector activity, rising asset prices, and rapid credit growth have boosted the domestic demand.
Series:
Country Report No. 2010/024
Subject:
Banking Credit Expenditure Financial institutions Foreign exchange Income Loans Money Mortgages National accounts Real effective exchange rates
English
Publication Date:
January 27, 2010
ISBN/ISSN:
9781451829839/1934-7685
Stock No:
1NOREA2010001
Pages:
60
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