Norway: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2002/044, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that the real mainland (non-oil) GDP of Norway is estimated to have grown well below potential in 2001, at 1¼ percent. Although high oil prices supported household confidence and domestic activity through most of the year, the global slowdown has recently begun to affect Norway. Labor market conditions remain tight in service sectors, but weakened in technology and traditional export industries. Despite high domestic cost increases, consumer price inflation has been held in check by low krone import prices.

Keywords: ISCR; CR; consumer confidence index; headline inflation; staff appraisal; consumer confidence; consumer price inflation; fiscal policy regime; underlying inflation; Oil; Inflation targeting; Inflation; Oil prices; Labor markets; Global (search for similar items in EconPapers)
Pages: 53
Date: 2002-03-07
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