Norway: 2017 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This 2017 Article IV Consultation highlights that the Norwegian economy is slowly recovering from the oil shock as domestic demand grew stronger aided by accommodative macroeconomic policies. Inflation declined recently owing to the pass-through of krone appreciation, but expectations remain well-anchored. In addition, banks remain profitable and well capitalized. Mainland growth is projected to increase from just below 1 percent in 2016 to 1.75 and 2.25 percent in 2017 and 2018 respectively, supported by the recovery of exports and stronger private demand. Inflation is projected to edge down further in pace with the unwinding of krone depreciation, before converging to the target over the medium term as trading-partner inflation rises.
Series:
Country Report No. 2017/182
Subject:
Housing Housing prices Inflation Labor Labor markets National accounts Oil prices Prices
English
Publication Date:
July 5, 2017
ISBN/ISSN:
9781484306789/1934-7685
Stock No:
1NOREA2017002
Pages:
60
Please address any questions about this title to publications@imf.org