Nordea's chief economist: "Expect a rapid economic recovery"
The current state of the economy gives reason for optimism, we recently reported in our latest Economic Outlook. Chief economist Helge J. Pedersen comments on what this could mean in the long run.
When will global economic activity be back to normal? Is rising inflation, particularly in the US, a cause for concern? Find out all this and more in this podcast interview with chief economist Helge J. Pedersen on the latest Nordea Economic Outlook report.
Nordea’s economists forecast that the ailing world economy remains on the right track, well aided by extremely accommodative monetary policies and low oil prices. Monetary conditions for the European economies will be improved further over the coming quarters with the launching of ECB’s huge QE programme. The euro will weaken further in a climate of low interest rates.
Winter is upon us, and most of us need an extra dose of vitamins. Metaphorically speaking, this is also the case for large parts of the world economy where the economic performance has again made Nordea revise down the expectations in their new economic forecasts.