Norway: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Statement
IMF Staff Country Reports, June 10, 2021
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- Norway: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Statement
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Bibliographic details
- Published: June 10, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513573120.002
Key challenge and policy stance
- Norway’s key challenge is to get the right balance of support for recovery and adjustment until the crisis is firmly in its past.
- The authorities intend to continue exceptional policy support into 2021, adjusted to reflect the rebound in economic activity and pace of vaccinations in the second half of the year, and with better targeting to affected sectors.
- This policy stance is expected to:
- support the expected closing of the output gap by 2023,
- help mitigate scarring, and
- facilitate reallocation of capital and labor.
Substantive findings and emphasis
- Continued exceptional policy support through 2021, adapted to economic rebound and vaccination pace, with improved targeting to affected sectors.
- Emphasis on policies that both support near-term recovery and enable necessary adjustment and reallocation across the economy.
- Focus areas identified in subject listing: COVID-19, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Health, International organization, Loans, Monetary policy.
Publication and metadata (as provided)
- Publication date: June 10, 2021
- Pages: 71
- Volume: 2021
- Issue: 104
- Series: Country Report No. 2021/104
- Stock No: 1NOREA2021001
- DOI: https://doi.org/10.5089/9781513573120.002
- ISBN: 9781513573120
- ISSN: 1934-7685
International Monetary Fund. Norway: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Statement (June 10, 2021).
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- 1norea2021001