IMF: Favourable growth prospects, solid fundamentals and policy management

The International Monetary Fund (IMF) today presented its yearly assessment of the Norwegian economy and Norwegian economic policy. An IMF delegation has spent the last week meeting Norwegian authorities, academic and financial institutions and employer and labour organisations. A more comprehensive report will be presented to the IMF board later this year.

The IMF concludes that the Norwegian economy is performing well. Last year economic growth was higher in Norway than in most other advanced economies. Although growth is expected to decelerate somewhat this year, the IMF considers that growth prospects for the Norwegian economy will remain favourable.

Simultaneously the IMF points out that with high economic activity, fiscal stimulus should be avoided in order to counter inflation risks.

The IMF delegation was led by Emil Stavrev.

“This Government preserves security for Norwegian households and Norwegian businesses and the economic policy contributes to Norwegian industry and jobs. Our ambition is more equitable distribution, which reduces differences, irrespective of personal financial circumstances or where in the country people live“, says Minister of Finance Trygve Slagsvold Vedum (Centre Party).

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