Nordic outlook – Warmer than expected

Danske Research Team Danske Bank A/S

Highlights

Growth and inflation are exceeding expectations in the major economies, pointing to fewer and slower interest rate cuts.

In the Nordic countries, the picture is more mixed, but the overall outlook remains for both higher growth and lower interest rates.

Among other things, there are upside risks to the outlook from consumer spending in Europe including some of the Nordic countries, and downside risks from US consumers and the troubling geopolitical situation.

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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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