Nordea Economic Outlook: Past the peak
The prospects for the global economy are still relatively good, despite significant monetary policy tightening. Inflation has fallen sharply, and central banks will likely start cutting rates this year. This increases the chances of a soft landing, but uncertainty is high, says Helge Pedersen, Nordea Group Chief Economist. The Nordic economies are feeling the effects of higher interest rates and weaker global demand. Denmark and Sweden are already in a technical recession; Finland is likely to follow suit; and economic activity in Norway has flattened. The outlook should brighten in