Follow the economy across the Nordic countries and economic changes worldwide.
Economic Outlook
Finland’s long period of weak productivity growth finally appears to be easing. Part of the turnaround reflects a better cyclical backdrop, but the drivers of longer-term productivity growth have also strengthened.
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Economic Outlook
Growth has picked up pace and economic conditions have normalised. The labour market is following suit, and with continued stable growth, resource utilisation will run slightly above normal next year.
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Economic Outlook
Previously, the Nationalbank was most inclined to keep the krone below the central parity. In recent years, however, it has allowed a greater weakening of the krone than before.
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Economic Outlook
The Finnish economy has grown broadly in the first half of the year. Growth has been seen in private consumption, investment and exports alike. We expect growth to continue despite higher fuel prices and interest rates caused by the Middle East crisis. The recovery is expected to pass through to the labour and housing markets with a lag.
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Economic Outlook
Despite higher energy prices and geopolitical uncertainty, the Danish economy continues to grow at a solid pace. The pharmaceutical industry remains the key driver of growth, but momentum is now also broadening to other parts of the economy.
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Economic Outlook
The global economy is demonstrating remarkable resilience in the face of geopolitical conflict, elevated energy prices and trade tensions. The US dollar is depreciating, while the Nordic economies continue to outperform.
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Economic Outlook
The Swedish economy has normalised. Resource utilisation is currently at the historical average and should continue to rise over the coming year. Growth is being driven by both stronger exports and firmer domestic demand.
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Economic Outlook
US technology stocks have delivered very strong returns in recent years, both in absolute terms and relative to other markets. This has contributed to a strong dollar. However, the path to profitability for AI-related companies remains unclear. A sharp decline in the US equity market could lead to a significantly weaker dollar.
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Economic Outlook
Underlying inflation is likely to pick up again after its summer decline and remain around 3% through year-end. Inflation is therefore still where it was two years ago, while unemployment remains low. Norges Bank has not yet reached its inflation target and has sharpened its focus on bringing inflation down. We therefore expect it to raise the policy rate once more this autumn and then stay put until it is fully confident inflation is approaching the target. It will therefore take time before rates come down again. Slightly higher rates and a gradual decline in petroleum investment will weigh on growth ahead and lift unemployment modestly. The krone may strengthen somewhat, although more against the dollar than the euro.
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Economic Outlook
Global growth has continued to be robust and is benefitting from rapid technological development, which is boosting fixed asset investment.
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Markets and investment
The article is based on Nordea's latest quarterly Rates and FX webinar, in which economists Jan Størup Nielsen and Samir Barki reviewed the key trends in financial markets and presented Nordea's forecasts for the remainder of 2026.
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Events
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.
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