Follow the economy across the Nordic countries and economic changes worldwide.
Economic Outlook
The Danish labour market has powered ahead in recent years. Job growth has been high and unemployment is approaching the lowest level since the early 1970s. But companies have had big recruitment problems and wage growth has been higher than abroad.
Read more
Economic Outlook
After a period of high growth, rising home prices and record-high employment, cooler winds are now blowing over the Danish economy. Households feel the impact of falling purchasing power and businesses are hurting from the slowdown in the global economy.
Read more
Economic Outlook
Inflation has reached the highest level since the early 1980s, and central banks seem determined to fight it through aggressive monetary policy. This is also the case in the Nordic countries where housing markets face a sharp slowdown.
Read more
Economic Outlook
Join us for the release of the Nordea Economic Outlook on 7 September. Sign up for the webinar with our chief economist for an inside look.
Read more
Economy
Signe Krogstrup, Governor of the Danish National Bank, discussed monetary policy in turbulent times with Nordea's institutional clients.
Read more
Economic Outlook
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.
Read more
Economic Outlook
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.
Read more
Economic Outlook
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.
Read more
Economic Outlook
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.
Read more
Economic Outlook
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.
Read more
Economic Outlook
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?
Read more
Economic Outlook
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.
Read more