Follow our expert insights about how the markets and inflation develop in the Nordics and globally.
Economic Outlook
Global economic outlook: Geopolitical drag
The Middle East war and the closure of the Strait of Hormuz disrupt energy and supply chains and weaken confidence. We therefore downgrade our global growth forecast, while central banks face rising price pressures.
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Chief Economist's Corner: The Middle East war shapes EU's future energy policy
Energy prices have risen significantly, but diversified energy supply and lower energy consumption limit the risk of economic collapse. Nuclear power and renewable energy come into focus in the EU's future energy policy.
Nordea’s Empower Europe Fund has reached EUR 664 million in assets under management, just nine months after its launch. The strong inflow reflects growing investor interest in Europe’s changing role on the geopolitical stage.
Oil prices have surged from USD 60 to nearly USD 120 per barrel amid Middle East tensions, but the Nordic economies are expected to remain resilient. Our analysis shows the economic impact should be manageable if prices stabilise around current forward market expectations.
Tariff uncertainty persists despite US Supreme Court ruling
Tariff uncertainty has increased again after the Supreme Court found a big part of the US tariffs illegal. New tariffs quickly followed, but it would be premature to expect recent developments to materially alter the economic and market outlook.
Ever wondered what banks or other financial institutions do with your money when you save or invest? Here is an explanation of asset management and Nordea’s role as an asset manager.
Households have regained confidence, and conditions are in place for consumption to substantially increase. The export industry has weathered several global challenges, and the outlook is healthy. The unemployment rate is set to fall to 5%, according to the new BAS measure.
The global economic outlook has continued to be rather stable, despite geopolitical uncertainty. However, the level of uncertainty continues to be high, and the confidence among corporates and households is repeatedly tested.
The global economy proved to be more resilient to President Trump's aggressive trade policy than many feared. This provides the basis for a tempered – but real – optimism as we enter the new year.