SEB: Nordic Outlook: Upturn broadening despite political threats Sweden: Industry accelerating as housing market slows
Our bright global economic picture has been confirmed this autumn, and SEB is again revising its outlook a bit higher. There will be a gradual shift in the focus of global growth away from the United States and towards the euro zone and the emerging market (EM) sphere. The euro zone is impressive, and its economic strength as well as diminished political risks are giving the euro common currency a tailwind. Low inflation is challenging the inflation targeting frameworks used by central banks, but their retreat from ultra-loose monetary policies will continue, led by the US Federal Reserve (