Economic Outlook
Nordea Economic Outlook: Will high inflation end?
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Economic Outlook
Chief economist: Norway's housing market rally is over
In the past 20 years, housing prices have more than tripled in Norway. With zero interest rates during the pandemic, the policy rate and thus rates on housing loans bottomed out. We will not see this interest-rate effect again.
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Economic Outlook
Norwegian economy under pressure
Competition for labour and high inflation are pushing up wages in Norway, while the war in Ukraine intensifies the inflationary pressure. With an economy under pressure and rising price and wage growth, Norges Bank will continue its quarterly rate hikes until end-2023.
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Economic Outlook
Finnish economy holds ground despite the war
Russia’s attack against Ukraine will slow down economic growth in Finland this year. A strong labour market, the lifting of restrictions and the savings accumulated by households during the Covid pandemic will underpin growth in the service sector.
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Economic Outlook
Wages poised for take-off in Sweden
The tight labour market, record-high demand for workers and recent inflation spike suggest that wage growth will be higher going forward. We revise up our wage forecast, and the Riksbank faces new challenges.
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Economic Outlook
How Finland's economy is maintaining its competitiveness
Export prices in Finland have kept up with rapidly rising import prices, keeping the country’s terms of trade unchanged. Zero-emission electricity generation is becoming a source of competitive advantage in manufacturing, which supports investment growth.
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Economic Outlook
Danish public finances: A break with budget discipline?
The Danish Budget Act is about to be amended at the same time as the green transition and Danish defence spending put an increasing strain on public finances. Is this the beginning of a regime shift in public budget management?
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Economic Outlook
Danish economy affected by uncertainty
Previously, there were fears of the Danish economy overheating, but now focus has shifted to the negative effects of the war in Ukraine, the high inflation level and the rapidly rising interest rates.
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Economic Outlook
Nordea chief economist: Record-high inflation will slow down economic activity
The war in Ukraine and new Covid-related lockdowns in China put the global economy under pressure. Inflation in the Western world has risen to its highest level since the 1980s.
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Economic Outlook
Swedish economic outlook: The test
The Swedish economy is currently stronger than it has been for many years. However, the economy is entering a phase of subdued growth as high inflation and rapid rate hikes are slowing activity.
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Economic Outlook
Global economic outlook: Stressed
The Russian assault on Ukraine, very high inflation and China’s lockdowns imply a high degree of uncertainty in the global economy and take the growth forecasts somewhat lower for 2022.
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Economic Outlook
Nordea Economic Outlook: Under pressure
The war in Ukraine and new COVID-related shutdowns in China have dramatically worsened the outlook for the world economy this year. Geopolitics, high inflation and new resistant COVID-19 variants pose the greatest risks to growth prospects, says Helge Pedersen, Nordea Group Chief Economist.
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