## Norway: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

_IMF Staff Country Reports, September 19, 2022_

## Source details

**Canonical URL:** [Norway: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway](https://www.imf.org/en/publications/cr/issues/2022/09/16/norway-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-523558)

## Other formats

- [Markdown version](/en/publications/cr/issues/2022/09/16/norway-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-523558/index.md)
- [Structured JSON version](/en/publications/cr/issues/2022/09/16/norway-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-523558/index.json)
- [Bundle manifest](/en/publications/cr/issues/2022/09/16/norway-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-523558/bundle-manifest.json)

## Bibliographic details
- Published: September 19, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400221880.002

---

### Macroeconomic recovery and outlook
- The economy "bounced back strongly from the first wave of Covid-19 pandemic, and the recovery is well entrenched in 2022."
- The outlook faces "considerable" risks due to:
  - "uncertainty over spillovers from the war in Ukraine,"
  - "the intensity of the pandemic globally, and in Europe, in particular,"
  - "supply bottlenecks."
- Given "strong fundamentals, Norway is relatively shielded" and faces both upside and downside risks:
  - Upside: "higher energy prices and export volumes."
  - Downside: "lower demand from Europe for non-energy exports."

### Forecast sensitivities and scenarios
- The forecast is "especially sensitive" to:
  - "where energy prices settle,"
  - "whether energy supply to Europe will be disrupted,"
  - "Norway’s capacity to increase gas supplies to Europe."

### Key subjects and thematic coverage
- Subject areas listed: Climate change; Environment; Expenditure; Financial institutions; Fiscal policy; Inflation; International organization; Monetary policy; Mortgages; Prices.
- Keywords emphasized in the source: Climate change, core inflation, Europe, Global, Inflation, inflation pressure, liability positions vis-à-vis nonresident, money market rate, Mortgages, normalising economy.

### Publication and document metadata
- Publication date: September 19, 2022
- Pages: 54
- Volume: 2022
- Issue: 304
- Series: Country Report No. 2022/304
- DOI: https://doi.org/10.5089/9798400221880.002
- Stock No: 1NOREA2022001
- ISBN: 9798400221880
- ISSN: 1934-7685

*Source: Norway: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway (September 19, 2022).*

---

## Content in this bundle

- **1norea2022001**
  - [1norea2022001 (Markdown version)](/-/media/files/publications/cr/2022/english/1norea2022001.pdf.md){rel="alternate" type="text/markdown"}
  - [1norea2022001 (PDF)](/-/media/files/publications/cr/2022/english/1norea2022001.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2022/09/16/norway-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-523558_