Norway : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

September 17, 2018

Electronic Access:

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Summary:

Norway is in the midst of a healthy recovery from the 2015–16 oil-driven downturn. After growing by 1.9 percent in 2017, mainland economic activity is expected to accelerate further and to grow by about 2½ percent this year and next. But population aging and labor productivity will weigh on potential growth going forward. Norway also faces important challenges to sustaining its prosperity into the future: securing competitiveness in non-oil sectors as the contribution from oil wanes, and dealing with high and rising non-oil fiscal deficits, which will only worsen as aging pressures start to bite. More immediately, high household debt is an ongoing source of concern.

Series:

Country Report No. 18/279

Subject:

English

Publication Date:

September 17, 2018

ISBN/ISSN:

9781484377055/1934-7685

Stock No:

1NOREA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

70

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