Follow the economy across the Nordic countries and economic changes worldwide.
Events
Nordic economies show resilience as corporates resume deal activity
International bank partners gathered at Nordea Talks on 20 May in Copenhagen for insights on Nordic market momentum, the economic outlook and the strategic shifts reshaping payments, funding and corporate investment across the region.
The overall impact of the Middle East conflict on activity in the Norwegian economy is likely to be limited. Even so, the outlook is somewhat weaker than in previous forecasts because of higher, not lower, interest rates.
The Finnish economy has finally returned to broad-based growth, with both private consumption and industrial output picking up. Growth is also beginning to support the labour market and public finances. However, higher energy prices and rising interest rates in the wake of the Middle East crisis are expected to weigh on economic activity later in the year.
Nordea founding partner of Nordic Compass – a new Nordic industry-led initiative to strengthen competitiveness and resilience
Nordic Compass – a new Nordic industry-led initiative – brings together major industrial actors to mobilise the Nordic region’s shared societal, innovative and industrial strengths in new ways.
Sweden is on a solid footing and can withstand several of the challenges arising from the war in the Middle East. A favourable circumstance is the low inflation rate this year. Uncertainty is high. A key factor will be how long the Strait of Hormuz remains closed.
The Middle East war and the closure of the Strait of Hormuz disrupt energy and supply chains and weaken confidence. We therefore downgrade our global growth forecast, while central banks face rising price pressures.
Chief Economist's Corner: The Middle East war shapes EU's future energy policy
Energy prices have risen significantly, but diversified energy supply and lower energy consumption limit the risk of economic collapse. Nuclear power and renewable energy come into focus in the EU's future energy policy.
The financial industry is changing fast. Economic uncertainty, digital innovation and stricter regulation combined with climate, demographic and cyber challenges redefine how institutions compete and create value. Let us walk you through eight key trends.
Oil prices have surged from USD 60 to nearly USD 120 per barrel amid Middle East tensions, but the Nordic economies are expected to remain resilient. Our analysis shows the economic impact should be manageable if prices stabilise around current forward market expectations.
The Nordic region stands out for its economic resilience, innovation capacity and stable financial system – factors that continue to attract capital and support long term-growth.