Economic Outlook
As a small, open economy Denmark is traditionally highly sensitive to global developments. So the trade war is definitely bad news for economic activity in Denmark. However, it comes at a time when the Danish economy is exceptionally well prepared to handle the wave of uncertainty flowing across its borders.
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Economic Outlook
Households have been tested in recent years with higher inflation, interest rates and unemployment, as well as a stream of negative news from around the globe. However, now their fortunes have improved in many respects, as inflation and interest rates have fallen.
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Economic Outlook
President Trump’s policy actions have caused a lot of volatility in the financial markets and the economic outlook since our previous forecast. Uncertainty is high, and, given Trump’s tendency to cause chaos, this is expected to continue.
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Economic Outlook
The cautious growth seen in the Finnish economy is at risk of hitting a tariff wall. Lower inflation and interest rates are boosting purchasing power, but increased uncertainty threatens to put private consumption and investment on hold for a little longer. Housing market activity has increased, but prices are not rising yet. The oversupply in the rental market is still discouraging new construction.
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Economic Outlook
Economic growth in Norway is picking up, driven by increased consumer spending and housing construction. The tariff war and the global situation will, on balance, have little impact on the Norwegian economy.
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Economic Outlook
Housing investment has declined sharply in recent years, which continued towards end-2024, according to Statistics Norway. However, other indicators suggest housing construction has picked up. We question whether the official figures accurately reflect recent developments. Going forward, we expect increased housing investment will help boost economic growth in Norway.
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Sector insights
Nordic real estate faces challenges and opportunities in transforming existing buildings into greener assets. Ebba Ramel and Mons Lunde, part of the ESG Sector Analysis Team at Nordea, outline how developing credible transition plans is not only reducing buildings’ environmental impact but also making them more attractive for investors and banks.
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Sustainable banking
Social impact investing is when you as an investor choose your investments with the intention of generating measurable, beneficial social effects in addition to financial gains.
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Insights
The city of Kiruna has been moving bit by bit since 2004. How do you go about moving an entire city? And what are the challenges of being a bank in such a city?
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Sustainability
Climate change has dominated corporate sustainability efforts for years. Now biodiversity is rapidly climbing the agenda. Discover how companies and financial institutions are navigating this complex new terrain.
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Sustainable banking
Productive and stable economies are dependent on sufficient natural resources and well-functioning ecosystems. In this explainer we dive into why biodiversity has become increasingly important to banks and the role it plays in our own sustainability strategy.
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Economy
Donald Trump started his trade war against the rest of the world at a press conference in the White House Rose Garden. The vision of bringing the car industry back to the US will one day go down in history as a nostalgic mirage.
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