What is the economic issues in Norway?

Answer 1

Norway faces several economic issues, including dependence on oil and gas revenues, which makes its economy vulnerable to fluctuations in global energy prices. As the world shifts towards renewable energy, there are concerns about the long-term sustainability of this reliance. Additionally, the country grapples with rising costs of living, particularly in urban areas, and challenges related to integrating a growing immigrant population into the labor market. Finally, while Norway boasts a high standard of living, income inequality and regional disparities in wealth distribution present ongoing challenges.