Follow the economy across the Nordic countries and economic changes worldwide.
Economic Outlook
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.
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Economic Outlook
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.
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Economic Outlook
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.
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Economic 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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Economy
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
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
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
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
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
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
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
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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