Norway: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, June 14, 2005
Source details
- Canonical URL
- Norway: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: June 14, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829761.002
Summary findings
- Norway’s real mainland GDP growth rebounded strongly in 2004, after a slowdown that began in late 2002.
- Very supportive monetary conditions, high oil prices, rising housing prices, strengthening consumer and business confidence, and an improved world economy contributed to the pickup in activity.
- The outlook for 2005 and 2006 is promising, with most of the factors that propelled the economy forward last year expected to continue into the near future.
Contributing factors to the 2004 rebound
- Very supportive monetary conditions
- High oil prices
- Rising housing prices
- Strengthening consumer and business confidence
- Improved world economy
Outlook and near-term projections
- The report states the outlook for 2005 and 2006 is promising, with continuation of most factors that supported 2004 growth.
Thematic coverage (subjects and keywords)
- Subjects: Budget planning and preparation, Commodities, Fiscal policy, Fiscal stance, Oil, Oil prices, Prices, Public financial management (PFM)
- Keywords: Budget planning and preparation, core inflation, CR, deficit, Fiscal stance, Global, inflation targeting framework, ISCR, mainland GDP growth, Norway, Oil, Oil prices, oil revenue, staff appraisal