Norway: Staff Report for the 2005 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 196

Publication date: June 2005

ISBN: 9781451829761

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , deficit , oil revenue , Norway , mainland GDP growth , core inflation , inflation targeting framework , staff appraisal , Budget planning and preparation , Fiscal stance , Oil , Oil prices , Global

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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.