Norway: Staff Report for the 2005 Article IV Consultation

June 14, 2005

Preview Citation

Format: Chicago

Norway: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed December 28, 2024

Summary

This 2005 Article IV Consultation highlights that Norway’s real mainland GDP growth rebounded strongly in 2004, after a slowdown that began in late 2002. Very supportive monetary conditions, high oil prices, rising housing prices, strengthening consumer and business confidence, and an improved world economy contributed to the pickup in activity. The outlook for 2005 and 2006 is promising, with most of the factors that propelled the economy forward last year expected to continue into the near future.

Subject: Budget planning and preparation, Commodities, Fiscal policy, Fiscal stance, Oil, Oil prices, Prices, Public financial management (PFM)

Keywords: Budget planning and preparation, Core inflation, CR, Deficit, Fiscal stance, Global, Inflation targeting framework, ISCR, Mainland GDP growth, Norway, Oil, Oil prices, Oil revenue, Staff appraisal

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/196
Stock No:

1NOREA2005001
ISBN:

9781451829761
ISSN:

1934-7685

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