Norway's Gjedrem on monetary policy & economics

In a speech on 'Monetary policy and the economic outlook' given on 19 March, Svein Gjedrem of Norges Bank said that the upturn has both broadened out and gained momentum in the past months. All sectors report stable or increasing demand and sales. The market outlook for the next six months is very positive.

The labour market in Norway has improved. The number of persons employed in Norway began to increase in summer 2003 and unemployment stabilised. Employment in distributive trades has

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