Despite the Danish economy's solid recovery, consumer confidence is at a low level, as households are increasingly worried about Denmark’s economic situation going forward. The question is whether this will put a spanner in the works for the expected consumption-driven recovery in 2025.
Leading the way in sustainable finance - Nordea wins 8 awards
Nordea's commitment to sustainable finance has once again earned recognition, with eight awards in Global Finance's 2025 Sustainable Finance Awards, including top rankings in global, regional and country categories.
The global economic outlook for 2025 reflects a very high level of uncertainty, and economic developments could easily surprise in either direction. Our baseline story remains unchanged, and we expect monetary policy easing to support growth especially in the Euro area and China – and in both regions consumer spending could surprise to the upside.
Nordea's Chief Economist: Political risks have increased significantly
Global growth continues at a moderate pace. The US economy was boosted after the presidential election, while Europe is trying hard to catch up. Uncertainty is high and increasingly linked to political developments. Monetary policy rate cuts are coming to an end, and growth in the Nordic region will likely chiefly be driven by domestic demand in the coming year.
While the highest ambitions of the Paris Agreement seem increasingly difficult to meet in the current global political landscape, there is still progress to be found. Three of our sustainability experts discuss the impact of the US election and COP29 and what it will mean for the transition plans many Nordic companies are working with.
2025 – what can impact your economy during the year?
As we approach 2025, it's crucial to stay informed about economic trends that may impact your financial decisions. Our experts have provided valuable insights for each Nordic country:
Climate transition in the Nordic land transport sector: Navigating change
Regulatory pressures, technological innovation and rising customer expectations are all driving action when it comes to sustainability in the land transport sector. Mikko Hirvonen, Senior ESG Analyst, outlines the key factors shaping the industry’s transition.
European Energy: More ambitious and immediate action needed to reach Paris Agreement goals
What role does the renewable energy transition play in global efforts to limit climate change? What are the main challenges? For insights, our Nordea On Your Mind team spoke to the CEO and co-founder of renewable energy project developer European Energy, Knud Erik Andersen.
Chief Economist's Corner: Will Trump be a wake-up call for Europe?
Economic and political problems are currently piling up in both Germany and France. But perhaps Trump's re-election will be a catalyst for major pan-European reforms.
Expert spotlight: Meet the people behind the insights
Get to know the experts behind our sustainability work. In this interview series, we explore their career journeys, what inspires them and the insights they’ve gained along the way.
Ovako: Almost all new business won in the past year has a strong sustainability profile
What does the green energy transition look like in an energy- and emission-intense steel industry? For answers, our Nordea On Your Mind team reached out to niche steel producer Ovako’s CFO Erik Bohman.