Follow the economy across the Nordic countries and economic changes worldwide.
Economic Outlook
In the next couple of years, activity in the Norwegian economy will be less affected by petroleum price changes than previously. But large energy shocks will impact price growth and thus Norges Bank’s interest rate decisions.
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Economic Outlook
The prospects for the global economy are still relatively good despite significant monetary policy tightening. Inflation has fallen sharply, and central banks will likely start cutting rates this year. This increases the chances of a soft landing, but uncertainty is high.
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Economic Outlook
Slightly lower interest rates, continued high wage growth and low unemployment will gradually improve households’ purchasing power. We therefore foresee better times ahead for both the Norwegian economy and the housing market.
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Economic Outlook
Sweden will see weak economic growth in the near term. Inflation will likely normalise and interest rates go down this year, which will provide support and lower the risks of a deep recession. However, the interest rate level will stay higher than before the pandemic.
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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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