VOICED : Goodbye good times for Norways oil capital

The video discusses the impact of falling oil prices on Norway's economy, focusing on the city of Stavanger. It highlights the personal struggles of individuals like Roger, who faces unemployment for the first time. Statoil's cuts have led to increased unemployment, affecting local businesses and tax revenues. The housing market has cooled, and restaurants are quieter. The downturn is the most severe in recent years, affecting families' daily lives and future prospects.

What significant life change has Roger experienced due to the economic downturn?

• He has moved to a new city.

• He has been unemployed for the first time.

• He has received a promotion.

• He has started a new business.

How has the unemployment rate in Stavanger changed over the past year?

• It has remained the same.

• It has increased by 80%.

• It has doubled.

• It has decreased by 80%.

What is one of the consequences of reduced tax revenues mentioned in the video?

• More job opportunities.

• Higher oil prices.

• Impact on the housing market.

• Increased public spending.

What is the current state of the restaurant business in the city?

• It is expanding to new locations.

• It is thriving with new openings.

• It is experiencing its most serious downturn.

• It is stable with no significant changes.

What is a potential future concern for Roger's family if the economic situation does not improve?

• Financial instability will continue to be a worry.

• They might have to relocate to another country.

• They will have to sell their house.

• The baby will be the only thing keeping Roger up at night.