| Norway’s sovereign wealth fund – a monster of a rainy day fund, valued at over $880 billion – is, to put it lightly, more than adequate should the nation need to fill a budget hole. Early indications suggest next year’s budget features corporation tax cuts, increased spending, and a surplus.
The Norwegian krone has seen better days, but its current state – down some 8 percent from a year ago – is, in some regards, just what’s needed. A struggling krone is a boon to exporters and motivates a look at the country’s diversification and fossil fuel exit strategy...............................................Full Article: Source |