Norway: 2023 Article IV Consultation-Press Release; and Staff Report
Norway: 2023 Article IV Consultation-Press Release; and Staff Report
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Volume/Issue:
Volume 2023
Issue 272
Publication date: July 2023
ISBN: 9798400246791
$20.00
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Topics covered in this book
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Banks and Banking , Inflation , Labor , Economics- Macroeconomics , Money and Monetary Policy , Business and Economics - Statistics , International - Economics , money market rate , inflation risk , liability positions vis-a-vis nonresident , inflation expectation , mainland GDP growth , Inflation , Fiscal stance , Central bank policy rate , Consumption , Labor markets , Global
Summary
After strong performance in 2022, some deceleration in growth is expected, given geopolitical headwinds and tightening of financial conditions, including globally. Risks are balanced, and there is ample policy space in the short term to accommodate downside surprises. However, leveraging its strong fundamentals, Norway is encouraged to focus on the longer-term structural agenda, given soon-to-be-pressing issues with demographics.
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