Languages

OECD: Norway first out of economic trouble

Norwegian money

The Organization for Economic Cooperation and Development in Paris said this week Norway would be the first European state to return to economic health.

Location

The Norway Post reported Friday that Norway was projected to reach “full capacity” by 2011 in the OECD semi-annual economic report.

OECD last week presented its semi-annual report on the economy of the industrial nations of the world, and among the 27 most well-to-do member nations, Norway looks to completely recover first.

OECD states that economic recovery has already started in Norway, with the large fiscal and monetary stimulus boosting consumption and sustaining employment.