Norway's Bergo on the economic outlook

In a speech on 'The economic outlook' given on 31 March, Jarle Bergo of Norges Bank said the economy is showing solid growth without visible signs of accelerating wage and price inflation.

"Due to high oil prices, we are running substantial surpluses in public finances and in the current account. But there certainly are challenges ahead of us. Let me mention just one: Our cost level is very high. There is a significant risk that we are weakening the competitive sector of the mainland economy

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