Norway : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway
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:
Article IV consultation reports Debt sustainability analysis Economic growth Economic indicators Fiscal policy Fiscal reforms Global competitiveness Housing prices Monetary policy Oil revenues Pension reforms Press releases Staff reports
English
Publication Date:
September 17, 2018
ISBN/ISSN:
9781484377055/1934-7685
Stock No:
1NOREA2018001
Format:
Paper
Pages:
70
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