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Norway’s weak currency presents a mystery

Norway’s GDP per person is $94,600, some 11% higher than America’s. The country’s unemployment rate is 2%. Growth, though slowing, has been higher than the rest of Europe’s in recent years. And the Norwegian sovereign-wealth fund, capitalised with oil revenues, is now worth over $300,000 per inhabitant.

Source: Finance - economist.com

An American sovereign-wealth fund is a risky idea

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