Norway continues to benefit from its well managed petroleum wealth and sound macroeconomic policies, achieving high levels of well-being and social cohesion. In some areas, further structural reforms can be implemented.
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Finland enjoys high well-being, but competitiveness has deteriorated, output has fallen and the population is ageing rapidly. Structural reforms are needed to extend working lives and raise public sector efficiency and potential growth.
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Hungary exited recession in 2013, but growth potential remains held back by weak investment, low employment among low-skilled workers and shortcomings in labour and product markets. These factors also weigh on social indicators.
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