Research maps Norwegian challenges if oil prices stay low

Oil rig

Research published by Norges Bank considers the impact of rising oil prices in the twenty-first century on the Norwegian economy, in an effort to understand how the sudden drop in prices over the past year could affect the country, with the conclusion that challenges may await.

The petroleum sector and the Norwegian economy, by Einar Nordbø and Njål Stenslandm, suggests that if the oil price continues to fall it will lead to lower wages and a rebalancing in the labour market towards other

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