Time to reconsider the euro in the Nordic countries?
For those who prefer easy listening to reading NOYM reports, Johan Trocmé and Viktor Sonebäck talk through the experience with the euro in the Nordic countries since it was introduced in 1999. Will Finland keep it? Could it be introduced in Denmark, Sweden or Norway in the future?
Nordea named world’s best bank for sustainability-linked bonds
Global Finance has once again recognised Nordea’s sustainability leadership in its annual Sustainable Finance Awards for 2024 – this time at the global, regional and Nordic country levels.
Over the past few years, interest in nuclear energy has made a comeback, with its inclusion in the EU Taxonomy and a COP28 pledge to triple nuclear capacity. In a new report, Nordea’s ESG Research team examines this renewed interest.
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.
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.
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.
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.
Nordic sustainable bond market hits all-time high in 2023
2023 was another banner year for the Nordic sustainable bond market, with over USD 60 billion in sustainable issuance for the year and record volumes in three quarters.
Sustainable finance outlook for 2024: It’s all about transition
"Transition finance" has gone from being a bullet point in a list of key themes to being the overarching theme in sustainable finance, says Nordea Sustainable Finance Advisory's Jacob Michaelsen. He explains why and shares the main topics on the agenda in 2024.
Fastest growth rate for renewable energy in two decades
The International Energy Agency, IEA, has just published a report on the production of renewable energy which shows strong growth in capacity in 2023 and quite a positive outlook towards 2028. Nordea’s Head of Climate & Environment, Peter Sandahl, comments on the report.
Nordea Chief Economist: Increased chances of a soft landing
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.