Chapter 3 Demand and output

The increase is due partly to lower direct and indirect taxes, and partly to higher expenditure and a reduction in other income..

3.2 Projections from IR 2/03: The CPI-ATE and the output gap with a sight deposit rate of 4 per cent and import-weighted krone. exchange rate equal to the average for 3/6

Sources: Statistics Norway and Norges

3.3 Underlying spending growth in the government budget and nominal growth in mainland GDP. Growth on

Executive Board January 20041.

a) securities issued by Norwegian enterprises, securities denominated in Norwegian kroner, real estate located in Norway or in real estate companies, real estate funds or

Household debt rose by 7.2 per cent in October, unchanged on the twelve-month rate of growth in September and August. According to house price statistics from the real estate

According to the quarterly national accounts, electricity production pushed down GDP growth by 0.3 percentage point in 2003. Sources: Statistics Norway and