Norway: 2025 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. European Dept.

Volume/Issue: Volume 2025 Issue 248

Publication date: August 2025

ISBN: 9798229021524

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Topics covered in this book

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Inflation , Labor , Economics- Macroeconomics , Public Finance , mainland GDP , inflation risk , Policy recommendation , policy coherence , IMF's transparency policy , economy well , Norway's economy , IMF Headquarters , GDP trend , IMF recommendation , services inflation , Policy discussion , bringing inflation , Inflation , Fiscal stance , Labor markets , Global , Baltics

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Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

Norway’s economy has shown resilience amid global uncertainty, supported by strong fiscal buffers, a credible policy framework, and a robust net external asset position. These fundamental strengths should help Norway steer through the challenging external backdrop of increasing geopolitical tensions and trade policy frictions. Ahead of the September national elections, the fiscal stance remains expansionary, driven by increased defense spending. Monetary policy remains restrictive to address above-target inflation. While structural reforms have gained new momentum, with a reinforced focus on labor participation and public sector efficiency.