During years I have said that Norway is not a sustainable economy, but inflated by oil-money which, in the long run, will make the country less competitive in any market which has not to do with oil.
Probably many people have said the same, but this article says it very clearly. (You can say it louder, but not clearer).
Some high points:
The government has increased spending by 19% this year alone. Should Norway ever be forced to compete with anyone outside of the oil business, it would probably be in for a Greece-like shock treatment given its labor costs.
Real house prices compared with US.
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