Nordic outlook – Ripple effects from the Strait
Highlights
It is highly uncertain how the political situation will develop and how many ships will get through the Strait of Hormuz, but in any case, there are more economic effects to come.
We estimate that higher energy prices have dampened economic growth not least in Europe, and we expect many central banks to react with a temporary increase in interest rates.
That also holds for the Nordic countries, although they are relatively less exposed to energy costs and we still see the economic situation as mostly improving here.
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.
