Norway: On the way to a ‘one trend’ economy?

In this post, Lars Christensen draws attention to a presentation by the Governor of the Norwegian Central Bank, specifically to his Chart 17.

The chart pertains only to the ‘ex-oil’ economy. Nevertheless, it appears that the ‘whole economy’ trend has been brought down to the ‘ex-oil’ equivalent! If true, that has been a hell of a feat, especially when compared to what´s been happening in most advanced economies. The chart below illustrates.

Norway_1

And from looking at real growth and inflation & unemployment don´t you wish Norway were the ‘average’ country in today´s world?

Norway_2

 

Norway_3

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3 thoughts on “Norway: On the way to a ‘one trend’ economy?

  1. Pingback: Norway: On the way to a ‘one trend’ economy? | Fifth Estate

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