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.
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.
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.
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.
After several difficult years, the Nordic cleantech sector looks set for a comeback. Some of the past headwinds are receding and may even turn into tailwinds, according to a new report from Nordea’s ESG Research team.
AI is not likely to replace people, but people with AI may replace those without it
OpenAI’s launch of ChatGPT sparked a surge of interest in artificial intelligence (AI) and its productivity-boosting use cases, as well as fears of human job losses. Don’t panic, says Philip Widegren, Data Science Lead at Nordea’s AI Hub.
Chief Economist's Corner: A challenging year lies ahead
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.
Feeling in control of your finances leads to less worry – regardless of income
Having control over one's finances makes us less worried – regardless of income. This correlation is significant in our Nordic survey, Nordic Pulse, and the result is equally clear in all Nordic countries.
Signs of positive trends in somewhat gloomy startup market
A rather gloomy funding year for startup and growth companies is coming to an end. Have we hit rock bottom and where should we look for bright spots? Our Startup & Growth team share their latest insights.
From the family dinner table to the trading floor: Chief Economist Annika Winsth shares her journey
As she approaches 30 years in Nordea and 15 as chief economist, Annika Winsth reflects on her career path, the biggest economic risks on the horizon and her advice for the next generation.