Norway: Staff Report for the 2003 Article IV Consultation
IMF Staff Country Reports, April 2, 2004
Source details
- Canonical URL
- Norway: Staff Report for the 2003 Article IV Consultation
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Bibliographic details
- Published: April 2, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829709.002
Economic performance (2003)
- Real GDP growth slowed to an estimated 0.5 percent in 2003.
- Domestic and external factors contributed to the slowdown.
Monetary policy
- With inflation pressures waning, Norges Bank cut interest rates aggressively.
- Subject tags include Inflation and Inflation targeting.
Fiscal position
- The non-oil fiscal position deteriorated somewhat over the past two years, only partly reflecting the cycle.
- Subject tags include Expenditure, Fiscal policy, and Fiscal stance.
Key policy discussions and themes
- Short-term outlook and policy options.
- Monetary and fiscal policy frameworks.
- Aging and long-term fiscal sustainability.
- Structural reform.
Financial system
- The financial system has weathered the downturn, though with some weakening of profitability.