The European, Middle Eastern and African Antitrust Review 2017

Norway: Competition Authority

22 July 2016

Economy under pressure The Norwegian economy is under pressure. The direct reason is the large drop in oil prices. One of the main lessons from the past is that competition policy plays an important role in restructuring the economy in a deep recession. In the US they repealed the price-fixing rules in the 30s. Studies have found that the relaxing of competition slowed down restructuring, and it took a longer time than it else would have done to return to economic growth and a reduction in unemployment. Efficient enforcement, advocacy and high visibility is therefore even more important when the economy is under pressure, as at present in Norway.

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