{
  "title": "Norway: Staff Report for the 2001 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 7, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/norway-staff-report-for-the-2001-article-iv-consultation-15702",
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  "summary": "This 2001 Article IV Consultation highlights that the real mainland (non-oil) GDP of Norway is estimated to have grown well below potential in 2001, at 1¼ percent.",
  "sections": [
    {
      "heading": "Growth and output",
      "content": "- Real mainland (non-oil) GDP of Norway is estimated to have grown well below potential in 2001, at 1¼ percent.\n- High oil prices supported household confidence and domestic activity through most of 2001.\n- The global slowdown has recently begun to affect Norway."
    },
    {
      "heading": "Labor market",
      "content": "- Labor market conditions remain tight in service sectors.\n- Labor market conditions have weakened in technology and traditional export industries."
    },
    {
      "heading": "Inflation and prices",
      "content": "- There were high domestic cost increases.\n- Consumer price inflation has been held in check by low krone import prices."
    },
    {
      "heading": "Subject tags and focus areas (as provided)",
      "content": "- Commodities, Inflation, Inflation targeting, Labor, Labor markets, Monetary policy, Oil, Oil prices, Prices\n- Keywords: consumer confidence, consumer confidence index, consumer price inflation, CR, fiscal policy regime, Global, headline inflation, Inflation, Inflation targeting, ISCR, Labor markets, Oil, Oil prices, staff appraisal, underlying inflation\n\nInternational Monetary Fund. \"Norway: Staff Report for the 2001 Article IV Consultation\", March 7, 2002.\n\n---\n\n Content in this bundle\n\n- cr0244\n  - cr0244 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0244 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 7, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451829686.002",
    "Real mainland (non-oil) GDP of Norway is estimated to have grown well below potential in 2001, at 1¼ percent.",
    "High oil prices supported household confidence and domestic activity through most of 2001.",
    "The global slowdown has recently begun to affect Norway.",
    "There were high domestic cost increases.",
    "Consumer price inflation has been held in check by low krone import prices.",
    "Keywords: consumer confidence, consumer confidence index, consumer price inflation, CR, fiscal policy regime, Global, headline inflation, Inflation, Inflation targeting, ISCR, Labor markets, Oil, Oil prices, staff appraisal, underlying inflation",
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