Norway appears to be emerging relatively unscathed from the financial
crisis. This is in marked contrast to its European neighbours who
continue to pursue austerity drives in a bid to rein in spiralling deficits.
With a strong welfare state, low unemployment and falling poverty,
Norway is looking forward to a healthy growth forecast for 2013. But high
levels of household debt and a very high cost of living suggest that
Norway is not entirely immune from economic problems.