Cover IMF Staff Country Reports
Norway: Staff Report for the 2002 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 077
Language:
English
Publication Date:
18 Mar 2003
DOI:
https://doi.org/10.5089/9781451829693.002
ISBN:
9781451829693
ISSN:
1934-7685
Pages:
38
Keywords:
ISCR; CR; mainland investment; IMF staff estimate; profitability; exchange rate; oil revenue; headline inflation; wage moderation; exchange rate appreciation; economic statistics; Oil; gas and mining taxes; Inflation; Fiscal stimulus; Global
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This 2002 Article IV Consultation for Norway highlights that the mainland GDP growth edged up to an estimated 1.4 percent in 2002, from 12 percent in 2001, driven by strong consumption growth. Mainland investment and traditional exports slackened, as a result of weak external demand, high real interest rates, and an appreciation of the nominal effective exchange rate by 11.5 percent during 2002. Unemployment remained fairly stable through 2002 as the expansion of the sheltered sector offset employment losses in the exposed sector.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund