Norway: 2025 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund
No 2025/248, IMF Staff Country Reports from International Monetary Fund
Abstract:
Norway’s economy has shown resilience amid global uncertainty, supported by strong fiscal buffers, a credible policy framework, and a robust net external asset position. These fundamental strengths should help Norway steer through the challenging external backdrop of increasing geopolitical tensions and trade policy frictions. Ahead of the September national elections, the fiscal stance remains expansionary, driven by increased defense spending. Monetary policy remains restrictive to address above-target inflation. While structural reforms have gained new momentum, with a reinforced focus on labor participation and public sector efficiency.
Keywords: mainland GDP; inflation risk; Policy recommendation; policy coherence; IMF's transparency policy; economy well; Norway's economy; IMF Headquarters; GDP trend; IMF recommendation; services inflation; Policy discussion; bringing inflation; Inflation; Fiscal stance; Labor markets; Global; Baltics (search for similar items in EconPapers)
Pages: 72
Date: 2025-08-28
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