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Norway Issues Release on Measures to Mitigate Effects of the COVID-19 Pandemic

16 March 2020

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Norway

The Norwegian Government has issued a release on measures to mitigate the effects of the COVID-19 pandemic on the economy. This includes a three-phase approach as follows: --- The authorities are acting appropriately to respond to the situation It is now necessary to provide measures to mitigate the economic effects of the outbreak of COVID-19. The government is working on measures in three phases. In all three phases, measures should be targeted, effective and reversible. In phase1, the government has prioritized immediate measures to avoid unnecessary layoffs and bankruptcies in viable companies that face an abrupt fall in income. To...