Follow the economy across the Nordic countries and economic changes worldwide.
Economic Outlook
Households are still under pressure, due to the earlier uptick in inflation and higher interest rates. The situation is fragile, but with upcoming rate cuts, a significant decline in household consumption will be avoided.
Read more
Economic Outlook
In the past decade, Norway’s relative global excellence has weakened. As a result of the drop in oil prices in 2014, Norwegian interest rates approximated the levels of our trading partners, and the NOK weakened from very strong levels. After the pandemic the fact that other central banks hiked rates more than Norway in order to curb inflation added fuel to the fire. Maybe it is boring that interest rate differentials and the NOK exchange rate are related, but maybe it is not that strange.
Read more
Economic Outlook
Economic data has been weaker in all the major economies during the summer and labour markets are weakening. This could encourage China to ease fiscal policy further, and the western central banks are expected to cut rates.
Read more
Economic Outlook
The modest growth that has long characterised the global economy continues. But much indicates that growth will increasingly be driven by Europe. There are prospects of rate cuts in most countries, but the persistently high inflation requires very careful timing and dosage of monetary policy easing.
Read more
Economic Outlook
The Finnish economy has underperformed the rest of the eurozone over the past two years. Private consumption has gone down in Finland, as higher interest rates have hit households hard. However, most of the gap to the rest of the eurozone is due to the sharp decrease in residential construction in Finland.
Read more
Economic Outlook
We saw the first positive signs for the Finnish economy in the first half of the year. The gradual recovery in consumer purchasing power and lower interest rates are expected to send the Finnish economy back on a growth track.
Read more
Economic Outlook
Join us for the release of the Nordea Economic Outlook on 4 September. Register for the webinar with our chief economist for an inside look at Nordea’s latest forecasts
Read more
Economy
Two renowned economists - Niels Thygesen, Chairman of the European Fiscal Board, and Lars Rohde, former Chairman of the Board of Governors of Danmarks Nationalbank - shared their views with investors and issuers at Nordea's annual Nordic AAA Seminar.
Read more
Economic Outlook
Norwegian economic activity will pick up going forward, and unemployment will stay at a low level. Inflation will gradually decrease, but it will take years before it reaches the 2% target.
Read more
Economic Outlook
The global growth momentum has improved slightly since the beginning of this year thanks to China’s increased fiscal stimulus and declining inflation numbers in many western economies.
Read more
Economic Outlook
The global economy has had a decent start to 2024, and a soft landing seems more likely. But strong labour markets place heavy demands on the calibration of monetary policy, and the neutral rate is probably higher than previously assumed. The new geopolitical reality still poses a high risk to the outlook for growth and inflation.
Read more
Economic Outlook
Last year, Sweden saw the lowest population growth in more than 20 years. Much suggests that population growth will remain subdued in the coming years. This will impact the need for new homes, other investments as well as the labour market.
Read more