IMF Staff Country Reports

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

August 28, 2025

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Format: Chicago

International Monetary Fund. European Dept. "Norway: 2025 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 248 (2025), accessed August 28, 2025, https://doi.org/10.5089/9798229021524.002

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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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Expenditure, Financial sector policy and analysis, Financial stability assessment, Fiscal policy, Fiscal stance, Inflation, Labor, Labor markets, Macroprudential policy, Prices, Public debt

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Financial stability assessment, Fiscal stance, Inflation, Labor markets, Macroprudential policy

Publication Details

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