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Sovereign Wealth Funds Briefing - Categorized | Market

Norway to shift oil wealth to escape hard landing, Solberg says

Posted on 21 March 2014

Norway needs an immediate shift in how it allocates its oil wealth to avoid an economic slump as a fading oil industry and high costs threaten growth, Prime Minister Erna Solberg said.
“We need to take steps today to avoid a hard landing,” she said today in the text of a speech at the University of Oslo. “The government will prioritize the use of oil wealth as was the original intention: investments that strengthen the growth potential of the Norwegian economy.”……………………………………….Full Article: Source


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