Norway's Bergo on business cycles, monetary policy

In a speech on 'Business cycles and monetary policy' given on 21 April, Jarle Bergo of Norges Bank said the Norwegian economy is growing at a solid pace and there are prospects that growth will remain high.

"The recession was mild after the previous expansion culminated two and a half years ago. The period of relatively high cost inflation in Norway came to an end without production being impacted to the same extent as during the recessions in the early 1980s and around 1990. One of the main

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