Norway: Selected Issues

July 5, 2016

Preview Citation

Format: Chicago

Norway: Selected Issues, (USA: International Monetary Fund, 2016) accessed December 23, 2024

Summary

This paper discusses the oil economy, outlook, and risk for Norway. Growth has continued to slow in the mainland economy. At the start of this year, oil prices had dropped by roughly 60 percent from their peak in June 2014 to less than US$40 a barrel. The labor market is feeling the sting of the oil price crash. The krone has weakened substantially along with the decline in oil prices. However, a modest recovery should take root next year. Mainland economy growth should be about 1 percent this year and pick up to close to 1¾ percent in 2017.

Subject: Commodities, Financial institutions, Financial sector policy and analysis, Housing prices, Macroprudential policy instruments, Mortgages, Oil, Prices, Production, Productivity

Keywords: CR, Development enterprise, Firm, Firm productivity, Firm TFP, Global, Housing prices, ISCR, Labor market, LTV ratio guideline, Macroprudential policy instruments, Mortgage, Mortgage risk weight, Mortgages, Oil, Oil price, Productivity, Risk, Tax deductibility, Valuation gap, Western Europe

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/215
Stock No:

1NOREA2016002
ISBN:

9781498345705
ISSN:

1934-7685

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