Economy | Nordea

2026-02-10

Economy

Chief Economist's Corner: Cold winds blow from the east, while it's foggy and unstable in the west

The unstable conditions continue to dominate the forecasts, and nothing suggests an imminent shift.

Midsection of businessman using smart phone while walking with bicycle on bridge in city

2026-01-23

Economic Outlook

New measure of unemployment in Sweden

The Swedish employment rate is among the highest in Europe, yet unemployment is close to 9%, according to the Labour Force Survey. There are strong reasons to take a more nuanced view of unemployment and shift the focus to register-based measures.

Containers and cranes in industrial shipyard

2026-01-23

Economic Outlook

Strong surge in exports beyond Denmark’s borders

Despite trade tensions and geopolitical turmoil, Danish exports have surged in recent years. Much of this growth stems from exports of goods produced outside Denmark’s borders.

Winter in Stockholm, cityscape at sunset

2026-01-23

Economic Outlook

Swedish economic outlook: Upswing

Households have regained confidence, and conditions are in place for consumption to substantially increase. The export industry has weathered several global challenges, and the outlook is healthy. The unemployment rate is set to fall to 5%, according to the new BAS measure.

sports-person-swimming-with-heads-out-of-the-water-on-lake

2026-01-23

Economic Outlook

Global economic outlook: Resilient for now

The global economic outlook has continued to be rather stable, despite geopolitical uncertainty. However, the level of uncertainty continues to be high, and the confidence among corporates and households is repeatedly tested.

2026-01-23

Economic Outlook

Denmark's economic outlook: Well positioned

In a world of political uncertainty, the Danish economy is well positioned to handle future challenges. The foundation lies in the labour market, where record-high employment helps ensure robust public finances.

2026-01-23

Economic Outlook

Chief economist: Strong growth in the Nordic countries over the coming years

The global economy was characterised by a high degree of resilience in a tumultuous 2025, with the prospect of renewed growth in 2026. However, there are significant risks are associated with the unpredictable geopolitical situation.

2026-01-23

Economic Outlook

Consumers are critical for growth in Finland

The increase in household saving has kept private consumption subdued in recent years. We examine how alternative assumptions about the savings ratio in the forecast years will affect consumption, employment and economic growth.

Mother and daughter playing with wooden blocks

2026-01-23

Economic Outlook

Finnish economic outlook: Waiting for the turnaround

Finland’s economic growth has been slow to materialise. Weak consumer confidence and falling housing prices continue to hold back private consumption and construction investments. However, the fundamentals of the economy have improved, so the conditions for recovery are present. There are already signs of improvement in the manufacturing sector.

2026-01-23

Economic Outlook

Growing demand for NOK

Movements in the NOK exchange rate are closely tied to structural net NOK transactions. After several years of persistent negative pressure, in which many market participants had an underlying need to sell NOK, we are now seeing signs of a shift in main flows, indicating a gradual strengthening of the NOK in 2026.

2026-01-23

Economic Outlook

Norwegian economy: Moderate outlook

The Norwegian economy has picked up but has recently been slightly weaker than estimated. While many areas of the economy are doing well, others are more challenging.

2026-01-05

Economy

Chief Economist's Corner: Welcome to 2026

The global economy proved to be more resilient to President Trump's aggressive trade policy than many feared. This provides the basis for a tempered – but real – optimism as we enter the new year.