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Norway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway

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  • International Monetary Fund

Abstract

While many advanced economies are experiencing slower growth, Norway’s output has continued to expand strongly, helped by a robust labor market, positive terms of trade, and some competitiveness gains. Core inflation has picked up to close to 2¼ percent. Residential house price growth has softened significantly but prices remain overvalued, and household debt continues to rise. Commercial real estate risks are also intensifying and combine with mounting external risks to cloud the outlook. The Christian Democrats have recently joined Prime Minister Solberg’s governing coalition, which now enjoys a majority in parliament.

Suggested Citation

  • International Monetary Fund, 2019. "Norway: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Norway," IMF Staff Country Reports 2019/159, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2019/159
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