Norway’s weak currency presents a mystery

N orway’s GDP per person is $94,600, some 11% higher than America’s. The country’s unemployment rate is 2%. Growth, though slowing, has been higher than the rest of Europe’s in recent years. And the Norwegian sovereign-wealth fund, capitalised with oil revenues, is now worth over $300,000 per inhabitant.

The proposal, supported by Donald Trump and Joe Biden, would be puny at best and wasteful at worst

After a terrible couple of months for shareholders, lenders are feeling smug

Pity those who rely on the breakfast staple

Does it give up—or insist on painful reforms?

That is despite a stingy tax-and-transfer system

Even though the Federal Reserve is about to loosen monetary policy

https://www.economist.com/finance-and-economics/2024/09/12/norways-weak-currency-presents-a-mystery

A source: www.economist.com/finance-and-economics/2024/09/12/norways-weak-currency-presents-a-mystery