The Nordic countries have a competitive advantage in times of rising oil prices.

 

Group Chief Economist Helge J. Pedersen

Helge J Pedersen

Nordea Economic Outlook September 2026: Navigating a world in flux

The global economy has shown remarkable resilience, but uncertainty remains high. The war in the Middle East has pushed oil prices higher, reigniting inflation concerns and prompting central banks to reassess their policy paths. Bond yields have climbed, and the AI-driven investment boom, which so far has lifted economic activity and stock markets, is raising questions of its own.

Are we heading towards rising inflation? How will central banks respond – and what does this mean for interest rates, currencies and growth across the Nordics and beyond?

Join Helge J. Pedersen as he explores the key forces shaping the economy in the years ahead. 

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Deep dives

Economic Outlook, country by country

Sweden

Swedish Chief Economist, Annika Winsth, presents the report for Sweden together with Cheif Analyst Torbjörn Isaksson (in Swedish).

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Finland

Finnish Chief Economist, Tuuli Koivu, and Economist Juho Kostiainen present the report for Finland (in Finnish).
 

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Denmark

Danish Chief Economist, Helge J Pedersen, presents the report for Denmark (in Danish).

 

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Norway

In Norway Chief Economist Kjetil Olsen and Senior Strategist Sara Midtgaard present (in Norweigan).

 

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Previous editions of Economic Outlook

#1 2026

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#3 2025

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#2 2025

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#1 2025

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