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Norway Has a Treasure Trove of Tools to Fight Sub-$50 Oil
High household savings, an $840 billion wealth fund -- what more could you want?
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Brent crude at about $50 per barrel is hitting oil-reliant Norway hard, with economic growth in the Scandinavian nation all but coming to a halt. Luckily, the nation’s policy makers have something that many of their international counterparts don't: A battery of tools to help keep it from recession. Here are the resources at Norway's disposal.
While unemployment has surpassed levels seen during the global financial crisis, 4.5 percent is still low compared to what neighboring regions are facing. In fact, employment is still growing.