SEB's Nordic Outlook: New playing field as both inflation and growth fall
Inflation is falling but core inflation only slowly, as various price components surge one after the other. Lead times from the production level to the consumer level are uncertain. This spring’s financial sector turmoil clearly shows the drawbacks of rapid monetary tightening. We are close to peak key interest rates but must wait until autumn at the earliest before central banks start cutting their rates, with the US Federal Reserve (Fed) being the first. The GDP of the OECD countries will see weak growth this year and a moderate recovery in 2024. In Sweden, hard-pressed households,
