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Norway to join the European Union after all?

Author

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  • Oscar-Erich Kuntze

Abstract

In 2002 the real gross domestic product increased in Norway by 1¼% and corresponded to the western European average. On the labour market the situation remained stable and the unemployment rate averaged 3.9% for the year. The cost of living increased by around 1.3%. In 2003 real GDP will expand by only about 1%. The unemployment rate will increase to 4½% on average for the year, and consumer prices will be around 2½% above the level of 2002. In 2004 economic activity will gain momentum. Real GDP should increase by around 2½%. The unemployment rate will still remain at 4½%, however. Inflation will amount to 2¾%.

Suggested Citation

  • Oscar-Erich Kuntze, 2003. "Norway to join the European Union after all?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(04), pages 32-39, February.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:04:p:32-39
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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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