Conflict in Middle East should not derail growth

Danske Research Team Danske Bank A/S

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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Danske Research Team

Danske Bank A/S

Research is part of Danske Bank Markets and operate as Danske Bank's research department. The department monitors financial markets and economic trends of relevance to Danske Bank Markets and its clients.

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