Conflict in Middle East should not derail growth
|The war in Iran has led to higher oil and gas prices, but the effect is modest and not expected to significantly change the global economic outlook unless it escalates or process long-lasting.
Global growth is showing signs of some acceleration, especially in manufacturing, and we have made some small upgrades to our growth forecasts.
Also in the Nordic countries, the outlook is generally positive albeit for somewhat different reasons across the Nordic countries.
There was a clear but modest reaction in financial markets to the attack on Iran.
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