IMF warns Brexit could hit Norway's exports, bank profitability

Britain is Norway’s third-biggest destination for goods produced by its mainland economy. Mainland exports are primarily seafood, but Norway is also a major gas supplier to Britain and its $860-billion wealth fund is a major foreign investor. The IMF recommended that Oslo be prepared to supply liquidity to banks if needed and “redouble efforts to reach new economic cooperation and trade agreements to minimise disruptions”. The IMF repeated it saw Norway’s mainland economy growing by 1.1% this year and 1.7% in 2017. (Reuters)



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