Get the latest insights on the economy, industries and emerging trends that can help your business tackle the challenges it faces in today’s market. We share the learnings and perspectives of leading experts and innovators in the Nordics, both from Nordea and beyond.
The past year brought no shortage of headlines when it comes to environmental, social and governance (ESG) issues. Nordea's Head of ESG Research Marco Kisic reflects on the top ESG debates to watch in 2023.
What to expect from the sustainable finance market in 2023
As sustainability becomes more mainstream, we expect 2022’s focus on awareness and harmonisation to give way to a focus on implementation and execution. We outline out three key trends for 2023.
Sustainable finance markets: 2022, a year in charts
In a year that was unstable in many ways, the sustainable finance market demonstrated promising resilience. The Nordic sustainable bond market proved relatively more stable than the global market, experiencing 3% year-on-year growth compared to a contraction of 23% year-on-year globally. We outline the developments in some key charts below.
Top 5 hidden FX risks from doing business in emerging markets
Local regulations in emerging markets can result in time-consuming administrative process and trapped cash. Don't get caught off guard. Jana Poulsenova, Managing Director in Nordea Markets, shares the top risks to be aware of when doing business in these markets.
Nordea Group Chief Economist: Central banks face a delicate balancing act
2023 looks set to be yet another uncertain and challenging year. Although inflation seems to have peaked, it is still an open question how much further monetary policy tightening is needed to lower it substantially.
It's not too late to protect your business against Sweden’s rising interest rates
The increase in interest rates in Sweden over the past year has been significant, and the upward trend is likely to continue in the near term. There is a way to protect your business against rising interest costs. Nordea's corporate loan with an interest rate cap offers the benefits of a floating-rate loan and the protection of a fixed interest rate ceiling.
How much will the pressure on the Norwegian economy affect wage growth and inflation going forward? That is one of the key questions Norges Bank needs to consider when setting interest rates. If labour shortages do not improve significantly ahead of this year’s pay talks, wage growth, and thus the interest rate peak, could exceed Norges Bank’s expectations.
Global growth is weak at the moment. However, there are signs that 2023 could uncork positive surprises, as mild weather has eased the energy crisis in Europe and China is set to rebound after ending its zero-COVID policy. From the financial markets’ perspective, one of the key questions is how easily inflation will come down in 2023.
Weaker purchasing power will dampen consumer spending in Norway, and unemployment may rise from a very low level. But we think the Norwegian economy will fare better than many other countries, one reason being sharply higher activity in the petroleum sector.
Lower prices and stagnating turnover are dominating the Danish housing market. The decline is especially caused by rapidly rising interest rates, and it is expected to continue until 2024. However, the starting point is strong, and that is why the situation after the financial crisis will not likely be repeated.
The outlook for the Swedish economy is worrying. After many years of debt build-up, the resultant vulnerability is now being tested and will contribute to a decline in the economy in 2023.