Follow the economy across the Nordic countries and economic changes worldwide.
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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Insights
Russia’s attack on Ukraine. Inflation and higher interest rates. Nordea’s Norwegian Chief Economist Kjetil Olsen is close to the big news. But an evening trip to the forest can make him forget time and place.
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Economic Outlook
Household purchasing power has weakened significantly over the past year. However, households have maintained their spending by tapping into their savings.
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Economic Outlook
The Swedish economy is showing some resilience. Especially the labour market has been stable. But there are still major challenges. Not least, households are struggling with high inflation and increasing interest rates with reduced spending as a result.
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Economic Outlook
The economy has surprised positively in the first months of the year, but the outlook for the rest of the year is clearly weaker. The rise in prices and interest rates will continue to put pressure on consumers, and lower housing demand will decrease the volume of construction.
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Economic Outlook
China is now one of the bright spots in the global economy thanks to its post-COVID rebound. Developed economies, however, continue to fight against inflation, which is still too high. As central banks tighten their monetary policy it remains to be seen whether they will be able to deliver a soft landing or if many economies will slide into a recession.
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