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