Economic Outlook
Join us for the release of the Nordea Economic Outlook on 21 May. Register for the webinar with our chief economist for an inside look at Nordea’s latest forecasts.
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Economic Outlook
Even with only two rate cuts, we expect housing prices to grow by nearly 10% in 2025. After declining sharply for two years, housing construction may finally benefit from some tailwinds. Yet, a weak NOK and higher construction activity in Europe could soon pose new challenges for the construction sector. Who will build all the new homes?
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Economic Outlook
Economic growth in Norway picked up last year and is now back at normal levels. Unemployment has remained stable at a low level since last summer. Growth should increase further in the period ahead.
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Economic Outlook
The US has become the most important export market for Finland. This makes Finland quite sensitive to any trade barriers imposed by the US. In addition to direct tariffs, indirect effects such as counter-tariffs, foreign exchange rates and increased uncertainty will have an impact on Finland’s economy.
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Economic Outlook
The Finnish economy has seen cautious growth, but the economic cycle remains weak. Consumers are still cautious, even though purchasing power has started to improve and interest rates have fallen.
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Economic Outlook
The conditions are in place for a recovery in domestic demand – the main drivers are lower interest rates and stronger household purchasing power. Inflation remains low, and the Riksbank will likely cut its policy rate further.
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Economic Outlook
Sweden is at the forefront of technology and R&D. This is one of the reasons for Sweden’s relatively bright growth prospects.
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Economic Outlook
The Danish economy is on a firm footing, and we expect it to continue to grow in 2025, supported by further central bank rate cuts and rising household purchasing power.
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Economic Outlook
Despite the Danish economy's solid recovery, consumer confidence is at a low level, as households are increasingly worried about Denmark’s economic situation going forward. The question is whether this will put a spanner in the works for the expected consumption-driven recovery in 2025.
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Economic Outlook
The global economic outlook for 2025 reflects a very high level of uncertainty, and economic developments could easily surprise in either direction. Our baseline story remains unchanged, and we expect monetary policy easing to support growth especially in the Euro area and China – and in both regions consumer spending could surprise to the upside.
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Economic Outlook
Global growth continues at a moderate pace. The US economy was boosted after the presidential election, while Europe is trying hard to catch up. Uncertainty is high and increasingly linked to political developments. Monetary policy rate cuts are coming to an end, and growth in the Nordic region will likely chiefly be driven by domestic demand in the coming year.
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Economic Outlook
Get valuable insights from our Group Chief Economist Helge J. Pedersen when he presents a new Nordea Economic Outlook, with our latest analyses and projections for the Nordic and global economies.
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