Follow our expert insights about how the markets and inflation develop in the Nordics and globally.
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.
Global growth is weak at the moment. However, there are signs that 2023 could uncork positive surprises, as mild weather has eased the energy crisis in Europe and China is set to rebound after ending its zero-COVID policy. From the financial markets’ perspective, one of the key questions is how easily inflation will come down in 2023.
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.
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.
The Danish economy is clearly positioned for a period with lower activity. However, there is a risk that the slowdown will be self-reinforcing – not least in the housing market where a significant correction of market prices is taking place.
Public spending in Finland has increased so much that the government budget is in balance only when the economy is in an upswing and interest rates are at zero. Large-scale fiscal adjustments are needed to return public finances to a sustainable footing.
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.
Value-based investing important to Nordic investors
A Nordic survey shows that it’s the opportunity to invest in accordance with one’s own values that is most important when private investors choose to invest sustainably.
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.
Managing business risk from the Russia-Ukraine war
How are Nordic corporates handling the risks from their business exposure to Russia, Ukraine and Belarus? We asked them in our Treasury Survey 2022: Re-assessing risk.
Are you praying for greater wind speeds? Loading up with blankets ahead of the winter? Sky high electricity prices have made the European energy crisis something real and highly relevant for us all.