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Norway: Economy soon to reach the overheating point?

Author

Listed:
  • Oscar-Erich Kuntze

Abstract

Norway has survived the world economic downturn unscathed. Real GDP increased by 1.4% in 2001. The unemployment rate showed little fluctuation during the year, averaging 3.6%, which means virtually full employment. Consumer prices were around 3% above the level of 2000. In 2002 real GDP should increase by around 1¼%. On the labour market the situation remains very favourable, the unemployment rate should average 3¾% for the year. Consumer prices will only increase by slightly more than 1%. In 2003, GDP will increase by 2¼%. The unemployment rate will fall slightly from its 3¾% level, and the inflation rate will stand at 2½%.

Suggested Citation

  • Oscar-Erich Kuntze, 2002. "Norway: Economy soon to reach the overheating point?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(16), pages 45-51, August.
    • Handle: RePEc:ces:ifosdt:v:55:y:2002:i:16:p:45-51
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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