Economic Outlook
Finland is in desperate need of investments in education, research and development in order to boost productivity growth, which has stalled for the past 15 years, to being on par with peer countries.
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Economic Outlook
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, 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 January. Register for the webinar with our chief economist for an inside look at Nordea’s latest forecasts.
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Economic Outlook
Norges Bank has hiked its policy rate faster and warned of a higher interest rate peak than previ-ously. We think the policy rate will peak in September at 4.25%, but we are not sure it will stop there. The interest rate market is now discounting rate cuts next year. In our view, interest rates will not start to gradually move lower until 2025.
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Economic Outlook
Economic activity in Norway has flattened, and unemployment has risen slightly but is still at a very low level. Higher price and wage growth and a weaker NOK have led to a steeper interest rate increase. Households and the housing market have started to feel the pinch of the rate hikes.
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Economic Outlook
The Danish economy has been on a remarkable growth journey, which has boosted employment to the highest level ever. The current account surplus has risen sharply, and public finances have been positive for six years running. However, signs of an impending slowdown are starting to show.
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Economic Outlook
So far, the global economy has been very resilient to the significant monetary policy tightening. Inflation is still high, however, and there is a good chance monetary policy will need to be tightened further.
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Economic Outlook
A cold wind is still blowing through the Swedish economy. Tight monetary policy will likely gradually impact the domestic economy and Sweden’s important trading partners. Some relief is expected once inflation falls and policy rates are lowered.
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Economic Outlook
Finland’s investments in the green transition continue, with more money pouring into low-emission industrial production and electric transportation, in addition to wind power.
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Economic Outlook
Central banks are still concerned about inflation, which is slowing down, but is still above the target level. Consequently, it will take time before monetary policy will be eased, and the global outlook continues to be weak.
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Economic Outlook
The labour market in Sweden has been more resilient than expected, but several signs now indicate that the situation will worsen. There is reason to believe that the deterioration of the labour market will be relatively mild, but a weaker labour market will heighten uncertainties.
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Economic Outlook
Economic growth was healthy in the first half of the year, but the outlook going forward is clearly weaker. Higher interest rates will continue to put pressure on consumers, and residential construction. Demand for exports has also deteriorated as global economic growth has slowed down.
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