Nordic outlook: Return to Nordic growth

Danske Research Team Danske Bank A/S

Highlights

As in the rest of Europe, Nordic economies are currently in stagnation or mild recession, outside of the pharmaceutical boom in Denmark.

Our forecasts point to a gradual return to normal growth over the coming years, supported by lower interest rates, higher spending power and with lower inflation.

The US economy has been a big positive surprise in 2023 and continues to look strong, even if there is a mild slowdown this year, while China continues to muddle through economically.

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Author

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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