Economic Outlook
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
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
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
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
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
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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Sustainable banking
A welcomed achievement of the meeting in Montreal was the adoption of the Global Biodiversity Framework and the associated targets, goals and financing. What is now important is the rapid and consistent progress in implementing what has been agreed.
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Podcast
When did we last experience a normal year? In this podcast, Johan Trocmé and Viktor Sonebäck review the Nordea On Your Mind topics covered this year and warn that 2023 may not be peaceful and quiet either. But we should not despair; it often takes a crisis to bring positive structural change.
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Sustainable finance
When it comes to financing structures focused on social impact, the vast majority currently incorporate gender diversity targets as the social KPI, in part due to the availability of established and comparable data. Looking ahead, we expect a wider range of social targets to be reported on and included in sustainable financing where material.
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Sustainable finance
We must overcome commitment fatigue and resource constraints if we are to make meaningful progress in understanding and limiting biodiversity risks, argues Nordea Sustainable Finance Advisory’s David Ray.
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Entrepreneurship
Financing startups has been considered very risky, but thanks to thorough analysis, careful selection and a strong investor network, Nordea has shown how this can be done. We’ve collected some of the insights into our work and the successes it has led to.
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Sustainable finance
The World Bank’s recent issuance of a sustainable development bond raising awareness for biodiversity highlights investors’ growing interest in the issue. Biodiversity loss is directly linked to climate change, both reinforcing each other, with their interaction amplifying the risk of reaching planetary tipping points.
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