Economic Outlook
Sweden's public finances are stable, which is and has been a strength – especially during the recent turbulent years with the pandemic, war and high inflation. Ahead of the next framework period, low government debt and an increased investment requirement open the door for a more expansionary fiscal policy.
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Economic Outlook
Thanks to high wage growth, lower inflation and a stable interest rate environment, household purchasing power is now increasing quite significantly in Norway. Economic growth will likely pick up and unemployment remain fairly stable going forward.
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Economic Outlook
Over the past ten years, the Danish labour market has undergone a remarkable development. The latest figures indicate that a soft landing has been achieved, with continued low unemployment at the same time as the balance between supply and demand for labour has improved.
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Economic Outlook
Households are still under pressure, due to the earlier uptick in inflation and higher interest rates. The situation is fragile, but with upcoming rate cuts, a significant decline in household consumption will be avoided.
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Economic Outlook
In the past decade, Norway’s relative global excellence has weakened. As a result of the drop in oil prices in 2014, Norwegian interest rates approximated the levels of our trading partners, and the NOK weakened from very strong levels. After the pandemic the fact that other central banks hiked rates more than Norway in order to curb inflation added fuel to the fire. Maybe it is boring that interest rate differentials and the NOK exchange rate are related, but maybe it is not that strange.
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Economic Outlook
Economic data has been weaker in all the major economies during the summer and labour markets are weakening. This could encourage China to ease fiscal policy further, and the western central banks are expected to cut rates.
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Economic Outlook
The modest growth that has long characterised the global economy continues. But much indicates that growth will increasingly be driven by Europe. There are prospects of rate cuts in most countries, but the persistently high inflation requires very careful timing and dosage of monetary policy easing.
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Economic Outlook
The Finnish economy has underperformed the rest of the eurozone over the past two years. Private consumption has gone down in Finland, as higher interest rates have hit households hard. However, most of the gap to the rest of the eurozone is due to the sharp decrease in residential construction in Finland.
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Economic Outlook
We saw the first positive signs for the Finnish economy in the first half of the year. The gradual recovery in consumer purchasing power and lower interest rates are expected to send the Finnish economy back on a growth track.
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Economic Outlook
Join us for the release of the Nordea Economic Outlook on 4 September. Register for the webinar with our chief economist for an inside look at Nordea’s latest forecasts
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Economic Outlook
Norwegian economic activity will pick up going forward, and unemployment will stay at a low level. Inflation will gradually decrease, but it will take years before it reaches the 2% target.
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Economic Outlook
The global growth momentum has improved slightly since the beginning of this year thanks to China’s increased fiscal stimulus and declining inflation numbers in many western economies.
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