Economy

Follow the economy across the Nordic countries and economic changes worldwide. 

Economic Outlook

Swedish economic outlook: Searching for equilibrium

After several turbulent years the pieces of the puzzle are gradually falling into place for the Swedish economy. Households’ consumption pattern normalises, export companies’ production will balance with demand and inflation will stabilise at low levels.

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Economic Outlook

A more “normal” neutral interest rate?

How many rate cuts will we get over the next two to three years? Forecasts vary more than usual, mainly because of varying estimates of the normal interest rate. We expect fewer rate cuts and a higher normal interest rate than most.

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Insights

Chief Economist's Corner: Demography is destiny

We are living in an age of historic demographic changes. Changes that place great demands on innovation and reform in Western countries if prosperity is to be maintained, but also changes that lay the foundation for a completely new world order, writes Nordea Group Chief Economist Helge Pedersen.

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Economic Outlook

Lower inflation in Denmark than in the Euro area

Over the past year, the annual pace of inflation in Denmark has slowed much faster than in the Euro area. In 2024, this trend is expected to reverse, so that Danish consumer prices again will rise faster than in the Euro area.

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Economic Outlook

Solid growth for the Danish economy

In the coming years, the Danish economy is expected to continue to grow, especially as households will benefit from significant real wage increases.

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Economic Outlook

Time for adjustment in the Finnish economy

High interest rates have sent the Finnish economy into a recession. Mortgage holders and the public sector are adapting their spending to respond to higher interest rates, which has weakened demand but will lead to more balanced finances.

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Economic Outlook

Can AI boost productivity in Finland?

Initial research suggests that using artificial intelligence can significantly improve productivity. Due to its high digital readiness, Finland is in a good position to leverage AI. After all, AI creates an opportunity for Finnish companies to get back on the productivity growth track.

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Economy

Riksbank governor: On track for cutting interest rates in Sweden

Interest rate cuts appear to be on the horizon in Sweden. But when and how quickly will they come? One of the country's top monetary policymakers, Riksbank Governor Erik Thedéen, shared his insights with Nordea's institutional clients at an event in Copenhagen.

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Economy

Denmark’s finance minister: ‘We’re not yet out of the woods’

At a recent event for Nordea’s institutional clients, Danish Finance Minister Nicolai Wammen shared the economic outlook and the government’s 2030 reform plan, while Kristine Rasmussen from Danmarks Nationalbank discussed the country’s funding needs in the coming year.

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Economic Outlook

Growth pause for the Danish economy

After several years of high growth, Danish economic activity has slowed down. The dampening is expected to be relatively mild and soon to be replaced by renewed progress during this year.

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Economic Outlook

Household debt burden on the decline in Sweden

Swedish household debt relative to income is falling for the first time since the mid-1990s – contributing to resilience in the long term, but raising questions about household spending and housing market trends in the near term.

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Economic Outlook

Public finances are rock-solid in Denmark

The trend in Denmark is opposite to that of many other countries where large public deficits have taken hold. The solid finances help to ensure stable, low interest rates in Denmark.

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