Norges Bank Inflation Report, March 2005

Norway's central bank, Norges Bank, published its latest Inflation Report for March 2005 on Wednesday 16 March. The report said growth in the Norwegian economy has become more self-driven with the main driving forces being private consumption combined with traditional exports and fixed investment in the petroleum sector.

In spite of the strong upturn in the mainland economy, employment growth has been relatively modest. Productivity has probably increased more than normal in a number of

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