IMF Staff Country Reports

Norway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

Publication Date:

June 12, 2019

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

While many advanced economies are experiencing slower growth, Norway’s output has continued to expand strongly, helped by a robust labor market, positive terms of trade, and some competitiveness gains. Core inflation has picked up to close to 2¼ percent. Residential house price growth has softened significantly but prices remain overvalued, and household debt continues to rise. Commercial real estate risks are also intensifying and combine with mounting external risks to cloud the outlook. The Christian Democrats have recently joined Prime Minister Solberg’s governing coalition, which now enjoys a majority in parliament.

Series:

Country Report No. 2019/159

Subject:

Anti-money laundering and combating the financing of terrorism (AML/CFT) Banking Crime Employment Housing prices Inflation Labor Labor markets Prices