Norway: Staff Report for the 2001 Article IV Consultation

March 7, 2002

Preview Citation

Format: Chicago

Norway: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed December 26, 2024

Summary

This 2001 Article IV Consultation highlights that the real mainland (non-oil) GDP of Norway is estimated to have grown well below potential in 2001, at 1¼ percent. Although high oil prices supported household confidence and domestic activity through most of the year, the global slowdown has recently begun to affect Norway. Labor market conditions remain tight in service sectors, but weakened in technology and traditional export industries. Despite high domestic cost increases, consumer price inflation has been held in check by low krone import prices.

Subject: Commodities, Inflation, Inflation targeting, Labor, Labor markets, Monetary policy, Oil, Oil prices, Prices

Keywords: Consumer confidence, Consumer confidence index, Consumer price inflation, CR, Fiscal policy regime, Global, Headline inflation, Inflation, Inflation targeting, ISCR, Labor markets, Oil, Oil prices, Staff appraisal, Underlying inflation

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/044
Stock No:

1NOREA0012002
ISBN:

9781451829686
ISSN:

1934-7685

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