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Norway: low impact of world economic slowdown

Author

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  • Oscar-Erich Kuntze

Abstract

In Norway economic growth expanded in 2000 by 2.3%, which again was below the Western European average. The unemployment rate increased from 0.2% to 3.4%, and inflation was strong at 3.1%. In 2001 GDP is expected to grow by nearly 1½%. Consumer prices will increase by an average annual rate of 3% and the unemployment rate will stabilise at about 3½%. In 2002 economic growth of nearly 2¼% is expected, and the economy will again come close to overheating

Suggested Citation

  • Oscar-Erich Kuntze, 2001. "Norway: low impact of world economic slowdown," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(22), pages 37-42, December.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:22:p:37-42
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    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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