Stable Euro area and US question marks

Danske Research Team Danske Bank A/S

We have published our Nordic Outlook with updated forecasts for 2026 and 2027. We expect a stable outlook in Europe, convergence to trend levels in the US among high uncertainty, and continued struggle to raise domestic demand in China.

We have upgraded the outlook for Sweden and now expect two rate hikes over the coming years. Danish growth is also upgraded but for more technical reasons. Norway is slowing slightly while Finland has disappointed but with positive signs for the near future.

There have been some concerns over IT/AI companies in equity and credit markets, but not a wider market decline.

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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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