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Norway: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

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  • International Monetary Fund

Abstract

This 2018 Article IV Consultation highlights that Norway is in the midst of a healthy recovery from the oil downturn, supported by positive trends in oil prices and a strengthening labor market. In addition, banks remain profitable and well capitalized. However, household debt continues to increase and house prices have resumed their rise, especially in the Oslo area, after a correction during 2017. Mainland growth is projected to increase from 2 percent in 2017 to 2.5 percent in each 2018 and 2019, underpinned by solid consumption, stronger business investment and an export recovery. Petroleum investment will also pick up. As a result, output will likely start to exceed potential in 2019.

Suggested Citation

  • International Monetary Fund, 2018. "Norway: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway," IMF Staff Country Reports 2018/279, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2018/279
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=46245
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    Cited by:

    1. Shirai, Sayuri, 2019. "Money and Central Bank Digital Currency," ADBI Working Papers 922, Asian Development Bank Institute.

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