• Denmark: Deepest slump since oil crises

         - Denmark comes from a position of strength, but a hard landing appears inevitable

  • Sweden: Eyes on the horizon, feet on the ground

         - Downturn will be almost as severe as the 1990s financial crisis

  • Norway: Hard landing ahead

          - Housing market went from bad to worse this autumn

  • Finland: Finland faces recession

          - Investment on hold and consumers becoming more cautios

  • Global: Depression fears running rampant

          - Risks limited by massive policy response