## Norway: 2015 Article IV Consultation - Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Norway

_IMF Staff Country Reports, September 9, 2015_

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## Bibliographic details
- Published: September 9, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513582290.002

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### Economic performance in 2014
- Mainland GDP grew at 2.2 percent in 2014.
- The sharp fall in oil prices toward the end of 2014 did not prevent overall good performance of the Norwegian economy in 2014.
- Weaker investment demand was offset by stronger government consumption.

### Labor market
- Unemployment remained at a low level in 2014.
- Unemployment edged up to 4.5 percent in June 2015 according to the labor force survey.

### Near-term outlook (2015)
- The near-term outlook weakened owing to lower oil prices.
- Mainland GDP growth is projected to slow to 1.3 percent in 2015 with weaker private investment and consumption.

### Medium- and longer-term issues
- The medium and longer term present challenges of managing a transition away from the oil-dependent growth model.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/norway-2015-article-iv-consultation-press-release-staff-report-informational-annex-and-43256_