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.
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Follow the economy across the Nordic countries and economic changes worldwide.
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.
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Economy
Chief Economist's Corner: Housing price spiral in motion
Housing prices are setting records, and especially in the Copenhagen area there has been significant pressure. The government now wants to introduce a more lenient financing model, but it will hardly lead to the desired result.
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Corporate insights
Sweden’s economic resilience drives new business
Despite global uncertainties, Sweden’s robust economic fundamentals pave the way for an increase in corporate transaction activity in the second half of 2025. Nordea’s view is that interest rates are likely to remain low, and our experts accordingly expect a pickup in deals.
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Economic Outlook
Finnish economic outlook: Waiting for the turn
Finland’s economic growth has been delayed this year. Economic fundamentals have improved, as lower interest rates and lower inflation improve consumers’ purchasing power. However, the long period of weak confidence in the economy continues to weigh on consumption and investment.
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Economic Outlook
Denmark's economic outlook: Clipped wings
The previously high-flying Danish economy has had its wings clipped as historical growth figures have been revised lower and industrial production has declined, particularly in the pharmaceutical sector. Despite reduced altitude, the Danish economy is still very strong.
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Economic Outlook
Monetary stimulus comes with a delay in Finland
The monetary policy tightening initiated by the ECB in 2022 halted economic growth in Finland and sent home prices tumbling. So why isn’t the monetary policy loosening that began a year ago having a positive effect on the Finnish economy yet?
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Economic Outlook
Nordea Chief Economist: Uncertainty has eased
Global economic uncertainty has eased as Trump’s trade policies have become clearer and the US has signed trade agreements with several countries. The Nordic countries are in a strong position, but growth is subdued.
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Economic Outlook
Risk of continued wage pressure in Norway
The historically low wage share in the manufacturing sector presents a clear upside risk to wage growth and to Norges Bank’s forecasts in the coming years. Consequently, it may take even longer before inflation returns to the inflation target.
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Economic Outlook
Large revisions to Denmark's economic growth
Denmark is characterised by being a small and open economy, offering numerous advantages in a global landscape marked by rapid changes. However, there are also drawbacks.
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Economic Outlook
Weak labour supply dampens growth in Sweden
Sweden is facing a demographic shift. As population growth slows significantly, labour supply is holding back long-term economic growth in Sweden.
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Economic Outlook
Norwegian economic outlook: Limited room for rate cuts
Economic growth in Norway has picked up significantly, and the outlook is good despite global turmoil. Rising household purchasing power is the main reason for the current economic upturn.
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