Follow the economy across the Nordic countries and economic changes worldwide.
Economic Outlook
Central banks will be reversing their monetary policies and start cutting rates in the coming months. The weak economic outlook and resultant declining price pressure trend are the biggest reasons for the turnaround.
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Economic Outlook
High interest rates have sent the Finnish economy into a recession. The outlook for the first half of the year is unfavourable for private consumption, construction and exports alike.
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Economic Outlook
Finland is in desperate need of investments in education, research and development in order to boost productivity growth, which has stalled for the past 15 years, to being on par with peer countries.
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Economy
Developments in the world economy and the financial markets in 2023 were fortunately much better than feared. Now a new year awaits us, which already promises to be very challenging, according to Nordea Group Chief Economist Helge Pedersen.
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Corporate insights
Chief Economist Tuuli Koivu recently returned from a week in China – her first trip there since before the COVID-19 pandemic. Local sentiment on the Chinese economy was quite different this time around. She shares her key takeaways and updated outlook.
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Insights
As a young student, Helge J. Pedersen got completely hooked on economics. The Nordea expert never looked back, and today he is one of Denmark’s most well-known economists. But his passion for football and the world of sports never fades.
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Economic Outlook
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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Economic Outlook
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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Economic Outlook
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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Economic Outlook
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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Economic Outlook
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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Economic Outlook
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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