How well do you think the economy is going in the next few years?

[Nettles]

IsawYoshi said:

Nettles said:

IsawYoshi said:

While that is true the government need to open their eyes and stop selling every piece of industry this country has - with exception of the oil related of cource. Norway is way to dependent on oil, some day it will run dry, or we will find other fuels cheaper (or cheaper oil elswere). We can already see that the money Norway gets from their new oil related projects are decreasing, and that is not a good sign. The government need to be more on their toes  when it comes to our industy, like REC. We need those kinds of companies as well. 

Norway doesn't have any government debt though right? In fact they have billions put away in a sovereign oil wealth future fund? Norway is best placed out of almost anybody.

As far as I know Norway has government debt. We do have more than enough money to pay it down, but we have it even so. 

 

Furthermore most of the norwegian kommunes (districts, cities) has quite a bit of debt. In 2012 this debt was equal to 45% of the incomes on average, steadily increasing. 

For those with norwegian knowledge, this is the source: http://www.nrk.no/trondelag/rekordhoyt-gjeldsniva-i-kommunene-1.10990473

 

Norway is in a pretty good situation at the moment, and the billions we have in reserve are going to come in quite handy up ahead. But at the moment this money isn't used in a good way. Norway has started to see a bit of our economys state down the road, after the oil price went down. Thousands have lost their jobs, positions like engineers that previously used to be "safe" have been laid off by the hundreds. It just goes to show that we need a more diverse economy, but  instead everything of value is sold to chinese investors.

Just checked and Norways Govt debt/GDP is 29.5%.Still extremely low.

Japan is over 400% now.