OECD Economic Outlook, Volume 2007 Issue 2
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Norway
After a long period of robust growth, which continued unabated in the first half of 2007, there are signs that mainland Norway is reaching the peak of the cycle with a large positive output gap. Tightening monetary conditions are beginning to exert a cooling effect and further expansion is made difficult by very high capacity utilisation. Some of the forces that kept price increases down are diminishing and inflation is now picking up slightly.
Also available in: French
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