Norway: Oil May Lubricate A Slowdown
The boost in petroleum prices, generated by the agreement among OPEC and four non-member nations, comes at a good time for Norway, the world's No. 2 oil exporter and a non-OPEC member of the pact. Its economy faces sharply slower growth this year and next, after six years of strong growth. And higher oil prices give Norges Bank, Norway's central bank, added leeway to cut interest rates.
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