 NorwayPaul Calanter Conjunctura economiei mondiale / World Economic Studies, 2016, 119-121 Abstract: According to the analysis contained in the OECD "Economic Outlook" Report, published on June 1st 2016, a further more pronounced slowdown of the economic growth rate of Norway is forecast, in comparison to 2015, as a result of the decrease in the international crude oil prices and of the investments in the energy sector, having repercussions on certain non-oil sectors. The economic growth in 2017 will resume gradually as the investment in non-oil sectors will increase, being boosted by a recovery in crude oil prices and the start of new projects in the petroleum sector. The unemployment rate will continue to increase reaching a climax in 2016, while in 2017 will decrease slightly. The surplus of the general government balance will record a further reduction in 2016, after the drastic reduction registered in 2015 as direct consequence of the decline in the ”petroleum” revenue. In parallel, "the collapse” of the oil and gas exports will cause a further predictable reduction of the current account balance in 2016. Keywords: Norway; general government balance; grossed fixed capital formation; growth rate; domestic demand (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2016:p:119-121 Access Statistics for this article Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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