Norway - Shallower Recession and Better Placed

According to some measures, Norway has the strongest currency in the world. Outside of the EU but inside the single market, Norway is often held up as a example of a path that the UK might follow if relations with the rest of the ever broke down irrevocably. An unlikely scenario? Yes, and there are also big differences in the structure of the Norwegian economy compared to ours.

This BBC article highlights that Norway has not been immune from the chill recessionary winds affecting the European continent. But it has the fiscal resources to fight back - not least the cushion provided by the long term growth of her sovereign wealth fund.