{
  "title": "Norway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway",
  "publication": "IMF Staff Country Reports, June 12, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/06/11/norway-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46985",
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  "summary": "While many advanced economies are experiencing slower growth, Norway’s output has continued to expand strongly, helped by a robust labor market, positive terms of trade, and some competitiveness gains. Core inflation has picked up to close to 2¼ percent.",
  "sections": [
    {
      "heading": "Overview and near-term outlook",
      "content": "- Norway’s output has continued to expand strongly, helped by a robust labor market, positive terms of trade, and some competitiveness gains.\n- Core inflation has picked up to close to 2¼ percent.\n- Residential house price growth has softened significantly but prices remain overvalued.\n- Household debt continues to rise.\n- Commercial real estate risks are intensifying.\n- Mounting external risks combine with domestic vulnerabilities to cloud the outlook."
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Elevated household debt alongside overvalued residential housing prices increases financial stability risks.\n- Intensifying commercial real estate risks add to the banking and financial sector exposure.\n- External risks (unspecified in the summary) interact with domestic imbalances to worsen the macro-financial outlook."
    },
    {
      "heading": "Political context",
      "content": "- The Christian Democrats have recently joined Prime Minister Solberg’s governing coalition, which now enjoys a majority in parliament."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Anti-money laundering and combating the financing of terrorism (AML/CFT)\n- Banking\n- Crime\n- Employment\n- Housing prices\n- Inflation\n- Labor\n- Labor markets\n- Prices"
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      "content": "- Publication date: June 12, 2019\n- Series: Country Report No. 2019/159\n- Pages: 73\n- DOI: https://doi.org/10.5089/9781498319157.002\n- ISBN: 9781498319157\n- ISSN: 1934-7685\n\nNorway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway (IMF Staff Country Reports 2019, 159).\n\n---\n\n Content in this bundle\n\n- 1norea2019001\n  - 1norea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1norea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 12, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498319157.002",
    "Norway’s output has continued to expand strongly, helped by a robust labor market, positive terms of trade, and some competitiveness gains.",
    "Core inflation has picked up to close to 2¼ percent.",
    "Residential house price growth has softened significantly but prices remain overvalued.",
    "Household debt continues to rise.",
    "Commercial real estate risks are intensifying.",
    "Mounting external risks combine with domestic vulnerabilities to cloud the outlook.",
    "Elevated household debt alongside overvalued residential housing prices increases financial stability risks.",
    "Intensifying commercial real estate risks add to the banking and financial sector exposure.",
    "External risks (unspecified in the summary) interact with domestic imbalances to worsen the macro-financial outlook.",
    "The Christian Democrats have recently joined Prime Minister Solberg’s governing coalition, which now enjoys a majority in parliament.",
    "Publication date: June 12, 2019",
    "Series: Country Report No. 2019/159",
    "Pages: 73",
    "DOI: https://doi.org/10.5089/9781498319157.002",
    "ISBN: 9781498319157",
    "ISSN: 1934-7685",
    "**1norea2019001**"
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