Norway: Staff Report for the 2000 Article IV Consultation
IMF Staff Country Reports, February 5, 2001
Source details
- Canonical URL
- Norway: Staff Report for the 2000 Article IV Consultation
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Bibliographic details
- Published: February 5, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829679.002
Executive summary and assessment
- Norway is described as "one of the world's richest economies and the second largest oil exporter."
- The country has been "a model of prudent economic management of resource wealth."
- Executive Directors commended:
- "impressive economic performance"
- "sustained solid growth"
- "low inflation"
- "low unemployment"
- "strong fiscal and external positions"
- They noted that "countercyclical fiscal management was a key pillar of the strategy."
Policy recommendations and priorities
- Executive Directors stressed the need to:
- "tighten fiscal and monetary policies"
- "accelerate structural reforms"
- "increase labor supply"
- "restrain public expenditure"
- "move forward with privatization initiatives"
Subject coverage and keywords
- Subject: Commodities, Fiscal policy, Fiscal stance, Labor, Oil, Oil prices, Pensions, Prices, Wages
- Keywords: consumer price inflation, cost inflation, CR, euro, Europe, exchange rate, Fiscal stance, ISCR, mainland GDP, mainland GDP growth, Oil, Oil prices, Pensions, staff appraisal, state, Wages