Norway: Staff Report for the 2000 Article IV Consultation

February 5, 2001

Preview Citation

Format: Chicago

Norway: Staff Report for the 2000 Article IV Consultation, (USA: International Monetary Fund, 2001) accessed September 18, 2024

Summary

Norway, one of the world's richest economies and the second largest oil exporter, has been a model of prudent economic management of resource wealth. Executive Directors commended the impressive economic performance, marked by sustained solid growth, low inflation, unemployment, and strong fiscal and external positions. They noted that countercyclical fiscal management was a key pillar of the strategy, and stressed the need to tighten fiscal and monetary policies, accelerate structural reforms, increase labor supply, restrain public expenditure, and move forward with privatization initiatives.

Subject: Commodities, Fiscal policy, Fiscal stance, Labor, Oil, Oil prices, Pensions, Prices, Wages

Keywords: Consumer price inflation, Cost inflation, CR, Euro, Europe, Exchange rate, Fiscal stance, ISCR, Mainland GDP, Mainland GDP growth, Oil, Oil prices, Pensions, Staff appraisal, State, Wages

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/033
Stock No:

1NOREA0012001
ISBN:

9781451829679
ISSN:

1934-7685

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