Development of the economy of Norway during economic recession between 2007 and 2012

The main purpose of this bachelor thesis is to analyse the development of the economy of Norway during the economic recession after 2008 and evaluate its impact on the Norwegian economy. The first chapter deals with basic geographical and political characteristics of Norway, its history after 1945 and economic development during the period 1945-2007. The second chapter focuses on the analysis of basic macroeconomic indicators (GDP, unemployment, inflation, public debt) between 2007 and 2012. The last chapter includes a summary of the main impacts of the economic recession on the economy of Norway, outlook on the future of the Norwegian economy and a description of the relationship between Norway and EU