Norway: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2001/033, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; state; mainland GDP; consumer price inflation; staff appraisal; euro; exchange rate; mainland GDP growth; cost inflation; Oil; Oil prices; Fiscal stance; Wages; Pensions; Europe (search for similar items in EconPapers)
Pages: 51
Date: 2001-02-05
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