Bloomberg: Norway Central Bank Chief Warns of `Sharp’ Drop in Wealth Fund

By Sveinung Sleire (Bloomberg)

February 16, 2017, 6:00 PM GMT+1 February 17, 2017, 12:01 AM GMT+1
* Says fiscal mechanism can’t allow for rising oil spending
* Says oil cash spending needs to be seen in relation to GDP

Norway’s central bank governor sharpened his warning on rising spending of oil revenue as he drew up scenarios for a 50 percent loss of capital over the next 10 years for the world’s biggest sovereign wealth fund.

Continued on Bloomberg

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