Economy

National Bank of Denmark - Copenhagen, Denmark

Economy

Danish central bank governor: ‘We haven’t seen normal yet’

Signe Krogstrup, Governor of the Danish National Bank, discussed monetary policy in turbulent times with Nordea's institutional clients.

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Economic Outlook

Chief economist: Norway's housing market rally is over

In the past 20 years, housing prices have more than tripled in Norway. With zero interest rates during the pandemic, the policy rate and thus rates on housing loans bottomed out. We will not see this interest-rate effect again.

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Oslo Norway modern skyline at sunset

Economic Outlook

Norwegian economy under pressure

Competition for labour and high inflation are pushing up wages in Norway, while the war in Ukraine intensifies the inflationary pressure. With an economy under pressure and rising price and wage growth, Norges Bank will continue its quarterly rate hikes until end-2023.

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Economic Outlook

Finnish economy holds ground despite the war

Russia’s attack against Ukraine will slow down economic growth in Finland this year. A strong labour market, the lifting of restrictions and the savings accumulated by households during the Covid pandemic will underpin growth in the service sector.

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Economic Outlook

Wages poised for take-off in Sweden

The tight labour market, record-high demand for workers and recent inflation spike suggest that wage growth will be higher going forward. We revise up our wage forecast, and the Riksbank faces new challenges.

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Windmill_farm

Economic Outlook

How Finland's economy is maintaining its competitiveness

Export prices in Finland have kept up with rapidly rising import prices, keeping the country’s terms of trade unchanged. Zero-emission electricity generation is becoming a source of competitive advantage in manufacturing, which supports investment growth.

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Christiansborg Palace, Copenhagen

Economic Outlook

Danish public finances: A break with budget discipline?

The Danish Budget Act is about to be amended at the same time as the green transition and Danish defence spending put an increasing strain on public finances. Is this the beginning of a regime shift in public budget management?

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Copenhagen capital Denmark

Economic Outlook

Danish economy affected by uncertainty

Previously, there were fears of the Danish economy overheating, but now focus has shifted to the negative effects of the war in Ukraine, the high inflation level and the rapidly rising interest rates.

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Helge J. Pedersen, Chief Economist

Economic Outlook

Nordea chief economist: Record-high inflation will slow down economic activity

The war in Ukraine and new Covid-related lockdowns in China put the global economy under pressure. Inflation in the Western world has risen to its highest level since the 1980s.

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Economic Outlook

Swedish economic outlook: The test

The Swedish economy is currently stronger than it has been for many years. However, the economy is entering a phase of subdued growth as high inflation and rapid rate hikes are slowing activity.

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Economic Outlook

Global economic outlook: Stressed

The Russian assault on Ukraine, very high inflation and China’s lockdowns imply a high degree of uncertainty in the global economy and take the growth forecasts somewhat lower for 2022.

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Economic Outlook

Get the Nordea Economic Outlook in these uncertain times

The Nordea Economic Outlook comes out on 11 May. Sign up for the webinar with our chief economist for an inside look.

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