Nordea On Your Mind
Podcast: Inflation – A revival we never wanted
The Nordea On Your Mind team takes a deep dive into inflation in their latest podcast.
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Corporate insights
Top 5 hidden FX risks from doing business in emerging markets
Local regulations in emerging markets can result in time-consuming administrative process and trapped cash. Don't get caught off guard. Jana Poulsenova, Managing Director in Nordea Markets, shares the top risks to be aware of when doing business in these markets.
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Economic Outlook
Nordea Group Chief Economist: Central banks face a delicate balancing act
2023 looks set to be yet another uncertain and challenging year. Although inflation seems to have peaked, it is still an open question how much further monetary policy tightening is needed to lower it substantially.
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Corporate insights
It's not too late to protect your business against Sweden’s rising interest rates
The increase in interest rates in Sweden over the past year has been significant, and the upward trend is likely to continue in the near term. There is a way to protect your business against rising interest costs. Nordea's corporate loan with an interest rate cap offers the benefits of a floating-rate loan and the protection of a fixed interest rate ceiling.
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Economic Outlook
Pressure and wage growth in Norway's economy
How much will the pressure on the Norwegian economy affect wage growth and inflation going forward? That is one of the key questions Norges Bank needs to consider when setting interest rates. If labour shortages do not improve significantly ahead of this year’s pay talks, wage growth, and thus the interest rate peak, could exceed Norges Bank’s expectations.
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Economic Outlook
Stagnation ahead for the Norwegian economy
Weaker purchasing power will dampen consumer spending in Norway, and unemployment may rise from a very low level. But we think the Norwegian economy will fare better than many other countries, one reason being sharply higher activity in the petroleum sector.
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Economic Outlook
Danish housing market in decline
Lower prices and stagnating turnover are dominating the Danish housing market. The decline is especially caused by rapidly rising interest rates, and it is expected to continue until 2024. However, the starting point is strong, and that is why the situation after the financial crisis will not likely be repeated.
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Economic Outlook
Nordea analyst: Sweden's economy is off balance
The outlook for the Swedish economy is worrying. After many years of debt build-up, the resultant vulnerability is now being tested and will contribute to a decline in the economy in 2023.
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Economic Outlook
Swedish pay talks in the new inflation environment
Half of all wage earners will get new wage deals in early 2023. The unions’ wage claim is 4.4%, while employers’ bid is 2.0% and a one-off amount of SEK 3,000.
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Digital banking
What is a SWIFT code/BIC?
SWIFT code has now changed name to Business Identifier Code, BIC for short. It’s used to identify the bank among all the other banks in the world, and this helps banks transfer money and communicate with one another through secure messages.
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Economic Outlook
Finland heads into a mild recession
The Finnish economy is headed towards a mild recession this winter, but for the full year we forecast zero growth. Consumer purchasing power is constrained at the moment, but easing inflation and rising salaries will boost private consumption towards the end of the year.
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Payments
Making sure late payments don’t squeeze your cash flow
For several years the economic climate has been favourable, demand for goods and services has been high and financing costs have been low. But now things have changed and many companies could face increased pressure on their cash flow. Read here what your company can do.
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