Norway: 2015 Article IV Consultation - Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Norway

September 9, 2015

Preview Citation

Format: Chicago

Norway: 2015 Article IV Consultation - Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Norway, (USA: International Monetary Fund, 2015) accessed November 22, 2024

Summary

This 2015 Article IV Consultation highlights that the Norwegian economy performed well in 2014 despite the sharp fall in oil prices toward the end of the year. Mainland GDP grew at 2.2 percent, with weaker investment demand being offset by stronger government consumption. Unemployment stayed at a low level in 2014, but has recently edged up to 4.5 percent in June 2015 according to the labor force survey. The near-term outlook has weakened owing to lower oil prices. Mainland GDP growth is projected to slow to 1.3 percent in 2015 with weaker private investment and consumption. Looking further ahead, the medium and longer term present challenges of managing a transition away from the oil-dependent growth model.

Subject: Exchange rates, Fiscal policy, Foreign exchange, Housing prices, Inflation, Oil prices, Prices

Keywords: Asset price growth, CR, Debt, Exchange rates, Global, Government, Holding, Housing prices, Inflation, Inflation expectation, ISCR, Liability positions vis-à-vis nonresident, Oil price, Oil prices, Price, SDR percent

Publication Details

Pages:

52
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2015/249
Stock No:

1NOREA2015001
ISBN:

9781513582290
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports