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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway becomes investor haven on world’s lowest default risk

Posted on 18 November 2010

From Bloomberg: Norway is the world’s seventh-biggest oil exporter and avoids the unpredictable swings that other energy-rich nations suffer by investing oil revenue offshore through its sovereign wealth fund.
The $305 billion mainland economy will grow 3 percent in 2011, the central bank estimates, outpacing expansion rates in Switzerland and Germany. Norway’s budget surplus will stay close to 10 percent of GDP this year and next, according to the government……………………………………….Full Article: Source


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