Handelsbanken: Recovery in sight
There are signs of recovery after the historic drop in GDP and employment figures.“In the short term, GDP should rise sharply as more and more people return to work, but given the depth of the crisis, we expect the road to recovery to be rather long,” says Handelsbanken’s Chief Economist Christina Nyman.
Despite the depth of the economic downturn, share prices and property prices have rebounded quickly – and in some cases they are higher now than before the crisis. The stock market rally can mainly be explained by the large stimulus measures, which have reduced the risk of bankruptcy