Norway: Staff Report for the 2002 Article IV Consultation

March 18, 2003

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Norway: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed September 27, 2024

Summary

This 2002 Article IV Consultation for Norway highlights that the mainland GDP growth edged up to an estimated 1.4 percent in 2002, from 12 percent in 2001, driven by strong consumption growth. Mainland investment and traditional exports slackened, as a result of weak external demand, high real interest rates, and an appreciation of the nominal effective exchange rate by 11.5 percent during 2002. Unemployment remained fairly stable through 2002 as the expansion of the sheltered sector offset employment losses in the exposed sector.

Subject: Commodities, Fiscal policy, Fiscal stimulus, Inflation, Oil, Oil, gas and mining taxes, Prices, Taxes

Keywords: CR, Economic statistics, Exchange rate, Exchange rate appreciation, Fiscal stimulus, Gas and mining taxes, Global, Headline inflation, IMF staff estimate, Inflation, ISCR, Mainland investment, Oil, Oil revenue, Profitability, Wage moderation

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/077
Stock No:

1NOREA0012003
ISBN:

9781451829693
ISSN:

1934-7685

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