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Record growth for Norwegian economy

The Norwegian mainland economy has grown by more than four per cent over the last 15 years. This is twice as high as in the EU member nations, according to figures from the Department of Finance.

In comparison, the US has a growth in the same period of just over 2.5 per cent, Sweden a little more than 2 per cent and Denmark near 1.5 per cent, Dagens Næringsliv reports.

Only Slovakia, Poland the Baltic states and Ireland had higher economic growth than mainland Norway in the period 1995 to 2009, according to the newspaper.

- Of the old industrial nations, we are clearly best, and those above us on this statistics are now in a deep crisis, says Norwegian Prime Minister Jens Stoltenberg.

In his opinion, the fresh figures show that Norway's policy is furthering economic growth, and that the Norwegian model is positive for the creation of wealth.

(NRK/Aftenposten)


Written by Rolleiv Solholm

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