Economic Outlook
Initial research suggests that using artificial intelligence can significantly improve productivity. Due to its high digital readiness, Finland is in a good position to leverage AI. After all, AI creates an opportunity for Finnish companies to get back on the productivity growth track.
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Press releases
The world economy continues to show great resilience, and a soft landing seems increasingly likely. But strong labour markets pose a significant challenge for monetary policy as the natural interest rate is likely higher than previously assumed, says Helge Pedersen, Nordea Group Chief Economist.
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Economic Outlook
Join us for the release of the Nordea Economic Outlook on 24 April. Register for the webinar with our chief economist for an inside look at Nordea’s latest forecasts.
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Economic Outlook
After several years of high growth, Danish economic activity has slowed down. The dampening is expected to be relatively mild and soon to be replaced by renewed progress during this year.
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Economic Outlook
Swedish household debt relative to income is falling for the first time since the mid-1990s – contributing to resilience in the long term, but raising questions about household spending and housing market trends in the near term.
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Economic Outlook
The trend in Denmark is opposite to that of many other countries where large public deficits have taken hold. The solid finances help to ensure stable, low interest rates in Denmark.
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Economic Outlook
In the next couple of years, activity in the Norwegian economy will be less affected by petroleum price changes than previously. But large energy shocks will impact price growth and thus Norges Bank’s interest rate decisions.
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Economic Outlook
The prospects for the global economy are still relatively good despite significant monetary policy tightening. Inflation has fallen sharply, and central banks will likely start cutting rates this year. This increases the chances of a soft landing, but uncertainty is high.
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Economic Outlook
Slightly lower interest rates, continued high wage growth and low unemployment will gradually improve households’ purchasing power. We therefore foresee better times ahead for both the Norwegian economy and the housing market.
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Economic Outlook
Sweden will see weak economic growth in the near term. Inflation will likely normalise and interest rates go down this year, which will provide support and lower the risks of a deep recession. However, the interest rate level will stay higher than before the pandemic.
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Economic Outlook
Central banks will be reversing their monetary policies and start cutting rates in the coming months. The weak economic outlook and resultant declining price pressure trend are the biggest reasons for the turnaround.
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Economic Outlook
High interest rates have sent the Finnish economy into a recession. The outlook for the first half of the year is unfavourable for private consumption, construction and exports alike.
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