| Author (Corporate) | Organisation for Economic Co-operation and Development (OECD) |
|---|---|
| Publisher | OECD Publishing |
| Series Title | OECD Economic Surveys |
| Series Details | December 2017 |
| Publication Date | December 2017 |
| ISSN | 0376-6438 |
| Content Type | Report, Statistics |
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OECD iLibrary subscribers can access this title through the ESO Source url hyperlink. Non-subscribers can sometimes access a free access read only version, or read an extended summary of the source, through the ESO related url hyperlinks.The Norwegian economy was performing well, despite low oil prices. Further reforms would be needed to diversify the economy, improve public spending efficiency and ensure that today’s high levels of income, well-being and equality were passed on to future generations, according to the OECD Economic Survey 2017 published in December 2017. The Survey pointed out that the accommodative monetary policy supporting growth had also contributed to house price increases and credit growth. The Survey recommended that Norway prepared a contingency plan against a possible hard landing in the housing and debt markets, including, as necessary, potential delays to planned monetary policy normalisation and targeted fiscal policy initiatives. The Survey projected growth above 2% in 2018 and 2019. It identified priorities for future public policy action, including reforms to facilitate the transition away from oil-related activities and seize the opportunities offered by globalisation and digitalisation. It proposed measures to improve the efficiency of public spending, in particular by ensuring maximum returns from planned transport infrastructure investment. [ Note that in some places this report is called the OECD Economic Survey Norway 2018 ]. |
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| Source Link | Link to Main Source http://dx.doi.org/10.1787/eco_surveys-nor-2018-en |
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| Countries / Regions | Norway |
