Economy

Follow the economy across the Nordic countries and economic changes worldwide. 

A winter forest in the Nordics

Economic Outlook

Swedish economic outlook: Fall frost

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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Group Chief economist Helge J. Pedersen

Economic Outlook

Nordea Chief Economist: It's too early to declare victory over inflation

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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noym-windmill

Economic Outlook

Investing in the green transition in Finland

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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Aerial view of rural road in yellow and orange autumn forest

Economic Outlook

Global economic outlook: On a narrow path

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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Electric car charging socket

Economic Outlook

Rising sales of electric cars in Denmark

As part of the ambition to reduce greenhouse gas emissions, vehicle taxation has been significantly changed. This has led to a sharp rise in the fleet of electric cars, while the number of diesel cars has declined. Despite this increase, there is still a long way to go to fulfil the ambition of one million zero- and low-emission cars on Danish roads in 2030.

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Scenic view of lake by trees during autumn

Economic Outlook

Autumn chills for the Finnish economy

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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Kjetil Olsen

Insights

Chief Economist Kjetil Olsen: Evening calm in stormy times

Russia’s attack on Ukraine. Inflation and higher interest rates. Nordea’s Norwegian Chief Economist Kjetil Olsen is close to the big news. But an evening trip to the forest can make him forget time and place.

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woman-putting-coin-in-piggy-bank

Economic Outlook

Decrease in savings to boost consumption in Finland

Household purchasing power has weakened significantly over the past year. However, households have maintained their spending by tapping into their savings.

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view-of-central-stockholm

Economic Outlook

Tough times for Sweden's economy

The Swedish economy is showing some resilience. Especially the labour market has been stable. But there are still major challenges. Not least, households are struggling with high inflation and increasing interest rates with reduced spending as a result.

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helsinki-cathedral

Economic Outlook

A looming recession for the Finnish economy?

The economy has surprised positively in the first months of the year, but the outlook for the rest of the year is clearly weaker. The rise in prices and interest rates will continue to put pressure on consumers, and lower housing demand will decrease the volume of construction.

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young-boy-flying-a-red-kite-on-beach

Economic Outlook

Stubborn inflation in the global economic outlook

China is now one of the bright spots in the global economy thanks to its post-COVID rebound. Developed economies, however, continue to fight against inflation, which is still too high. As central banks tighten their monetary policy it remains to be seen whether they will be able to deliver a soft landing or if many economies will slide into a recession.

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Economic Outlook teaser image 2

Economic Outlook

Navigating economic uncertainty: Register now for the Nordea Economic Outlook webinar

Join us for the release of the Nordea Economic Outlook on 9 May. Sign up for the webinar with our chief economist for an inside look.

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