{
  "title": "Norway: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway",
  "publication": "IMF Staff Country Reports, September 17, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/09/17/norway-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-46245",
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  "summary": "This 2018 Article IV Consultation highlights that Norway is in the midst of a healthy recovery from the oil downturn, supported by positive trends in oil prices and a strengthening labor market. In addition, banks remain profitable and well capitalized.",
  "sections": [
    {
      "heading": "Macroeconomic outlook and growth projections",
      "content": "- Norway is in the midst of a healthy recovery from the oil downturn, supported by positive trends in oil prices and a strengthening labor market.\n- Mainland growth is projected to increase from 2 percent in 2017 to 2.5 percent in each 2018 and 2019.\n- Petroleum investment will also pick up.\n- As a result, output will likely start to exceed potential in 2019."
    },
    {
      "heading": "Labor market, prices, and inflation",
      "content": "- Labor market is strengthening.\n- Core inflation and headline inflation are identified as key keywords and topics for monitoring (listed in the source keywords)."
    },
    {
      "heading": "Financial sector and household balance sheets",
      "content": "- Banks remain profitable and well capitalized.\n- Household debt continues to increase.\n- House prices have resumed their rise, especially in the Oslo area, after a correction during 2017."
    },
    {
      "heading": "Drivers of the recovery",
      "content": "- Solid consumption is underpinning growth.\n- Stronger business investment is contributing to the recovery.\n- An export recovery is supporting mainland growth.\n- Positive trends in oil prices support the broader recovery."
    },
    {
      "heading": "Key statistics and publication identifiers",
      "content": "- Mainland growth: 2 percent in 2017; projected 2.5 percent in 2018 and 2.5 percent in 2019.\n- Pages: 70\n- Volume: 2018\n- Issue: 279\n- Series: Country Report No. 2018/279\n- DOI: https://doi.org/10.5089/9781484377055.002\n- Stock No: 1NOREA2018001\n- ISBN: 9781484377055\n- ISSN: 1934-7685\n\nNorway: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway, September 17, 2018.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 17, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484377055.002",
    "Norway is in the midst of a healthy recovery from the oil downturn, supported by positive trends in oil prices and a strengthening labor market.",
    "Mainland growth is projected to increase from 2 percent in 2017 to 2.5 percent in each 2018 and 2019.",
    "Petroleum investment will also pick up.",
    "As a result, output will likely start to exceed potential in 2019.",
    "Core inflation and headline inflation are identified as key keywords and topics for monitoring (listed in the source keywords).",
    "Banks remain profitable and well capitalized.",
    "Household debt continues to increase.",
    "House prices have resumed their rise, especially in the Oslo area, after a correction during 2017.",
    "Solid consumption is underpinning growth.",
    "Stronger business investment is contributing to the recovery.",
    "An export recovery is supporting mainland growth.",
    "Positive trends in oil prices support the broader recovery.",
    "Mainland growth: 2 percent in 2017; projected 2.5 percent in 2018 and 2.5 percent in 2019.",
    "Pages: 70",
    "Volume: 2018",
    "Issue: 279",
    "Series: Country Report No. 2018/279",
    "DOI: https://doi.org/10.5089/9781484377055.002",
    "Stock No: 1NOREA2018001",
    "ISBN: 9781484377055",
    "ISSN: 1934-7685",
    "**Country Report**"
  ],
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