Policy Brief: Economic Survey of Norway,2010

Norway has ridden out the financial crisis better than most OECD countries, with a shallower recession and unemployment likely to peak below 4%. Its advantageous fiscal position made room for a massive budgetary stimulus complementing steep cuts in interest rates and substantial liquidity measures. The key challenge is now to withdraw the extraordinary policy support sufficiently early to avoid overheating. Norway’s bold embrace of

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• Economic Survey of Norway 2010

Policy Brief: Economic Survey of Norway, 2008

The Norwegian economy has been flourishing of late, enjoying substantial real income growth with low inflation and very low unemployment. Benefiting from rising world energy prices and favourable supply shocks in the wake of globalisation, this good performance also reflects fiscal restraint, broadly successful monetary policy and the economy’s capacity to attract foreign labour. Macroeconomic policy is nevertheless facing a number of

Policy Brief: Economic Survey of Norway, 2007

The economy is experiencing a favourable period of robust growth, low unemployment and moderate underlying inflation. This largely reflects the effects of globalisation, of which Norway has been a prime beneficiary, supplying energy and other commodities at high prices and increasingly importing products from low-cost countries. Sizeable labour migration inflows, together with sustained productivity growth, have kept cost inflation at