Norway: Staff Report for the 2009 Article IV Consultation

January 27, 2010

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Format: Chicago

Norway: Staff Report for the 2009 Article IV Consultation, (USA: International Monetary Fund, 2010) accessed September 19, 2024

Summary

This paper presents the staff report for Norway’s 2009 Article IV Consultation on economic developments and policies. Unemployment remains low, and key short-term indicators point to a continued recovery. Norway’s resilience has been underpinned by substantial macroeconomic stimulus, buoyant activity in the offshore hydrocarbon sector, high public sector employment, limited dependence on the hardest-hit segments of global manufacturing, and the relative stability of the domestic financial sector. Brisk oil sector activity, rising asset prices, and rapid credit growth have boosted the domestic demand.

Subject: Banking, Credit, Expenditure, Financial institutions, Foreign exchange, Income, Loans, Money, Mortgages, National accounts, Real effective exchange rates

Keywords: CR, Credit, Expenditure increase, Fiscal policy measure, Global, Income, ISCR, Loans, Mainland GDP, Monetary policy, Norway, Real effective exchange rates, Statistics Norway, Way fiscal policy leeway

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/024
Stock No:

1NOREA2010001
ISBN:

9781451829839
ISSN:

1934-7685

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