Economic Assignment

Norway: current frugality state and future prospects To asses the opport unities for a beau monde like Philips Healthc ar and in particular their heart monitoring device product in Norway, well have to analyse the countries current and future economys status. Norway has entered a soft patch, due to weakened confidence and subdued exports, which is expected to persist through mid-2012. The economy will subsequently resume its robust expansion as confidence returns. Consumer price inflation has remained low, reflecting moderate rises in unit bray costs and import prices, but the acceleration of product will lift it somewhat by the end of the acoustic projection period. The unemployment rate is likely to remain stable, as increasing labour demand will be met by continued lavishly net immigration. Based on welfare capitalism that includes complete market activity and government intervention, Norway has a wealthy economy. clutch in mind that several primary areas of the economy are controlled by the government to include the oil and be adrift sector. This sylvan also boasts rich natural resources such as oil, turgidness, hydropower, minerals, forests, and fish. Of these, Norway depends hard on the oil and gas sector, which accounts for about 50% of the rudes exportation, as well as 30% of revenue enhancement for the country.

For a long clipping, Norway was rated at result three for gas exportation but in recent years, it has moved to the number seven slot. While many European countries formed the European Union (EU), Norway did not but as a section of the European Economic Area the country still contributes more often than not to the EU. Because the government believes hydrocarbons production will eventually see a significant decline, the majority of revenue coming from the oil and gas sector is saved. For GDP growth, Norway was slow for a long time but from 2004 to 2007, growth improved, after a -1,7% dip in 2009 GDP growth percentage started rising again. Even so, the orbiculate financial crisis caused a slowing of the countrys... If you want to position a full essay, order it on our website: Orderessay

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