Norway - Jan 27

While Scandinavian countries have managed to outperform many of their trading partners to the South in terms of GDP growth, Norway is quickly becoming concerned because of a commodity pricing bust for one of its largest exports: oil.  Oil constitutes 22% of GDP, and the recent drop year after year, in excess of 50%, has substantially impacted policy decisions.  Officials are discussing another round of rate cuts from Norges Bank (Central Bank of Norway), possible discussion on how oil prices might affect the sovereign wealth (pension) fund, and how the national unemployment may rise in the near future.

Source: Bloomberg