Follow our expert insights about how the markets and inflation develop in the Nordics and globally.
Economic Outlook
Finland in search of lost productivity
Finland is in desperate need of investments in education, research and development in order to boost productivity growth, which has stalled for the past 15 years, to being on par with peer countries.
Chief Economist's Corner: A challenging year lies ahead
Developments in the world economy and the financial markets in 2023 were fortunately much better than feared. Now a new year awaits us, which already promises to be very challenging, according to Nordea Group Chief Economist Helge Pedersen.
Meet our chief economists – with a finger on the economic pulse
Where are the Nordic economies headed? What can we expect from markets? The job as a chief economist is about being able to analyse and interpret economic data and trends, combining it all into an outlook.
The Nordea On Your Mind team takes a deep dive into generative AI in their latest podcast and discusses how generative AI could affect the Scandinavian labour market in the years ahead.
“Brave new world” is the title of Nordea’s 2023 Treasury Survey, reflecting a new paradigm of inflation, higher interest rates and geopolitical risks. How are treasurers responding to the changed risk landscape?
Finland’s investments in the green transition continue, with more money pouring into low-emission industrial production and electric transportation, in addition to wind power.
Central banks are still concerned about inflation, which is slowing down, but is still above the target level. Consequently, it will take time before monetary policy will be eased, and the global outlook continues to be weak.
Economic growth was healthy in the first half of the year, but the outlook going forward is clearly weaker. Higher interest rates will continue to put pressure on consumers, and residential construction. Demand for exports has also deteriorated as global economic growth has slowed down.
Nordea in Shanghai: A one-stop shop for Nordic companies in China
“Newcomers and other customers often find it very helpful to learn and understand the local market from a Chinese angle. We provide that local perspective and can help explain the relevant local policies and regulations,” says the branch’s general manager, Angela Tu.
Investors are facing growing risks in their portfolios due to the effects of global warming and biodiversity loss. These risks are systemic and could destabilise the global financial system. Investors will want to navigate in this new global landscape.
Decrease in savings to boost consumption in Finland
Household purchasing power has weakened significantly over the past year. However, households have maintained their spending by tapping into their savings.