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Norway

Author

Listed:
  • Dragos Salagean

Abstract

The forecasts of the last OECD report, released on the 6th of May 2014, predict an economic recovery for Norway between 2014 and 2015, after the economy registered a pace slowdown in 2013 compared to 2012. The pace of economic growth slowed considerably mainly because of the reduction in the revenues from oil and natural gas exploitation, but also due to the weakening of the external demand from the EU main trading partners of Norway. The oil sector will boost the economic growth lesser than in the last years, but the exports of goods and services (others, than the petroleum ones) and the private consumption will increase, representing the main †engine†of growth during the forecast period.

Suggested Citation

  • Dragos Salagean, 2014. "Norway," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009585079
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