Resillience in Recession

The recession as of late has not only hit The U.S., but it has been affecting all of it's subsidiaries as well. Norway is one example though, of a country who perservered through the recession, a success which has not been acheived by many countries in these trying times.

When the economy was hit, it was responded to with strong monetary and fiscal policies that are common amongst norways strong form of government. It has been known to be one of the most economically successful countries in many years, ranked higher than the U.S. and many others in terms of economic stability.

The only aspect Norway is even comparable to other countries in, in terms of negativity, is their unemployment rate. Though it is fairly low at this time, it is not as bad as most other countries, but more importantly is improving everyday. It is estimated that the rate of unemployment will reach 3.5% by the year 2012.

Norway's economy is constantly growing and expanding, and with the central bank increasing it's key policey rates, it is only looking good for the future.

http://www.fnh.no/en/main/publications/the-economic-situation-in-norway/