Norway: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway
IMF Staff Country Reports, September 17, 2018
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- Norway: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway
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Bibliographic details
- Published: September 17, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484377055.002
Macroeconomic outlook and growth projections
- Norway is in the midst of a healthy recovery from the oil downturn, supported by positive trends in oil prices and a strengthening labor market.
- Mainland growth is projected to increase from 2 percent in 2017 to 2.5 percent in each 2018 and 2019.
- Petroleum investment will also pick up.
- As a result, output will likely start to exceed potential in 2019.
Labor market, prices, and inflation
- Labor market is strengthening.
- Core inflation and headline inflation are identified as key keywords and topics for monitoring (listed in the source keywords).
Financial sector and household balance sheets
- Banks remain profitable and well capitalized.
- Household debt continues to increase.
- House prices have resumed their rise, especially in the Oslo area, after a correction during 2017.
Drivers of the recovery
- Solid consumption is underpinning growth.
- Stronger business investment is contributing to the recovery.
- An export recovery is supporting mainland growth.
- Positive trends in oil prices support the broader recovery.
Key statistics and publication identifiers
- Mainland growth: 2 percent in 2017; projected 2.5 percent in 2018 and 2.5 percent in 2019.
- Pages: 70
- Volume: 2018
- Issue: 279
- Series: Country Report No. 2018/279
- DOI: https://doi.org/10.5089/9781484377055.002
- Stock No: 1NOREA2018001
- ISBN: 9781484377055
- ISSN: 1934-7685
Norway: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway, September 17, 2018.
Content in this bundle
- Country Report