Follow the economy across the Nordic countries and economic changes worldwide.
Economic Outlook
Overheating in the US, the tight COVID stance and real estate sector slowdown in China, the energy market crisis in Europe and geopolitical risks are all denting growth prospects. At the same time, inflationary pressures are strong and will continue to be central banks’ main headache in the coming months.
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Economic Outlook
Strong price growth and higher interest rates will mean tighter finances for many Norwegian households. Below, we illustrate the consequences this will have on three families with the same income but different debt-to-income ratios. Lower savings, use of accumulated assets and more people in work will mitigate the impact on overall consumer spending.
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Economic Outlook
The economic outlook is more uncertain than it has been for a long time. High price growth and rising interest rates will make these tough times for Norwegian households. The impact on consumer spending will be mitigated by lower savings and more people in paid work.
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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.
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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.
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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.
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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.
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Economy
Signe Krogstrup, Governor of the Danish National Bank, discussed monetary policy in turbulent times with Nordea's institutional clients.
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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.
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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.
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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.
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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.
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