Norway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

International Monetary Fund

No 2019/159, IMF Staff Country Reports from International Monetary Fund

Abstract: 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. Residential house price growth has softened significantly but prices remain overvalued, and household debt continues to rise. Commercial real estate risks are also intensifying and combine with mounting external risks to cloud the outlook. The Christian Democrats have recently joined Prime Minister Solberg’s governing coalition, which now enjoys a majority in parliament.

Keywords: ISCR; CR; rate; authority; debt; fiscal policy; liability positions vis-à-vis nonresident; mainland GDP; household debt-sustainability; exchange arrangement; further rate hike; property price growth; monetary policy normalization; expenditure saving; core inflation; Housing prices; Anti-money laundering and combating the financing of terrorism (AML/CFT); Inflation; Labor markets; Employment; Global; Baltics; transparency policy; article IV of the IMF's article; money market rate (search for similar items in EconPapers)
Pages: 73
Date: 2019-06-12
New Economics Papers: this item is included in nep-mac
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