Norway's Economy is Booming
NY TIMES -- In the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3%. The government enjoys a budget surplus of 11% and its ledger is entirely free of debt. By comparison, the United States is expected to chalk up a fiscal deficit this year equal to 12.9% of its GDP and push its total debt to $11 trillion, or 65% of the size of its economy.
MP: Norway's current unemployment is only about 3% vs. 8.9% in the U.S., see chart above.