Norway: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Statement

June 10, 2021

Preview Citation

Format: Chicago

Norway: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Statement, (USA: International Monetary Fund, 2021) accessed November 12, 2024

Summary

Norway’s key challenge is to get the right balance of support for recovery and adjustment until the crisis is firmly in its past. The authorities intend to continue exceptional policy support into 2021, adjusted to reflect the rebound in economic activity and pace of vaccinations in the second half of the year, and with better targeting to affected sectors. This will support the expected closing of the output gap by 2023 and help mitigate scarring, while also facilitating reallocation of capital and labor.

Subject: COVID-19, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Health, International organization, Loans, Monetary policy

Keywords: Corona crisis, COVID-19, Europe, Fiscal stance, Global, Liability positions vis-à-vis nonresident, Loans, Mainland GDP, Staff appraisal, Staff representative

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/104
Stock No:

1NOREA2021001
ISBN:

9781513573120
ISSN:

1934-7685

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