Economic Outlook

2025-01-27

Economic Outlook

Sweden's knowledge economy

Sweden is at the forefront of technology and R&D. This is one of the reasons for Sweden’s relatively bright growth prospects.

2025-01-23

Economic Outlook

Global economic outlook: Risks both ways

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.

2025-01-23

Economic Outlook

Nordea's Chief Economist: Political risks have increased significantly

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.

2025-01-08

Economic Outlook

Ready for 2025? Join our Nordea Economic Outlook webinar

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.

2024-09-09

Economic Outlook

Denmark's economic outlook: Calm waters

After some hectic years, the Danish economy is moving into a calmer period. Inflation is under control in both Denmark and the Euro area, boosting household purchasing power.

2024-09-06

Economic Outlook

Sweden enters new fiscal policy phase

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.

Women on a swing in Norway overlooking water and mountains

2024-09-06

Economic Outlook

Norwegian economy in an upswing

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.

Business people walking through a city at dawn

2024-09-06

Economic Outlook

Danish labour market approaches balance

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.

2024-09-06

Economic Outlook

Swedish economic outlook: Just in time

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.

2024-09-06

Economic Outlook

Is it so strange the NOK is weak?

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.

2024-09-06

Economic Outlook

Global economic outlook: Room for rate cuts

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.

2024-09-06

Economic Outlook

Nordea's Chief Economist: Europe to become a growth driver

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.