Norway: Recent Economic Developments
April 3, 1995
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This paper reviews economic developments in Norway during the 1990s, with an emphasis on developments in 1993 and 1994. The paper covers developments in the real economy, in the public finances, and in the monetary and exchange rate area. The private consumption in Norway remained weak through the first half of 1993 but picked up sharply during the second half of the year, as declining interest rates and rising housing prices boosted consumer confidence. Seasonally adjusted, private consumption rose by 3.5 percent between the first and second halves of 1993.
Subject: Budget planning and preparation, Commodities, Exchange rates, Expenditure, Foreign exchange, National accounts, Oil, Private consumption, Public financial management (PFM)
Keywords: b. expenditure, Budget planning and preparation, CR, durable goods, Europe, exchange rate, Exchange rates, expenditure side, inflation rate, ISCR, krone, mainland GDP, monetary policy guideline, national budget, Norway, Norway inflation, Norwegian krone, Oil, price inflation, Private consumption, public finance, saving rate
Pages:
100
Volume:
1995
DOI:
Issue:
026
Series:
Country Report No. 1995/026
Stock No:
1NOREA0011995
ISBN:
9781451829617
ISSN:
1934-7685
Notes
This report on recent economic developments in Norway was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
