Norway's economy faces more risk as oil price tumbles-fin min

OSLO: The Norwegian economy is becoming more vulnerable as the price of crude oil continues to fall, the country's finance minister said on Wednesday.

"Last autumn we predicted that economic growth would pick up this year and even more so next year, and that unemployment would peak (in 2016). Since then the oil price has been weaker than we expected," Finance Minister Siv Jensen told an economic policy seminar.

"This makes the situation more difficult for oil-related industries and increases the risk of a bigger impact on the Norwegian economy," she added.