IMF Staff Country Reports

Norway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

June 12, 2019

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Norway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway, (USA: International Monetary Fund, 2019) accessed December 23, 2024

Summary

While many advanced economies are experiencing slower growth, Norway’s output has continued to expand strongly, helped by a robust labor market, positive terms of trade, and some competitiveness gains. Core inflation has picked up to close to 2¼ percent. Residential house price growth has softened significantly but prices remain overvalued, and household debt continues to rise. Commercial real estate risks are also intensifying and combine with mounting external risks to cloud the outlook. The Christian Democrats have recently joined Prime Minister Solberg’s governing coalition, which now enjoys a majority in parliament.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Crime, Employment, Housing prices, Inflation, Labor, Labor markets, Prices

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Article IV of the IMF's article, Authority, Baltics, Core inflation, CR, Debt, Employment, Exchange arrangement, Expenditure saving, Fiscal policy, Further rate hike, Global, Household debt-sustainability, Housing prices, Inflation, ISCR, Labor markets, Liability positions vis-à-vis nonresident, Mainland GDP, Monetary policy normalization, Money market rate, Property price growth, Rate, Transparency policy

Publication Details

  • Pages:

    73

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/159

  • Stock No:

    1NOREA2019001

  • ISBN:

    9781498319157

  • ISSN:

    1934-7685