Nordea Economic Outlook: Optimism in uncertain times
In a new forecast Nordea expects the global economy to grow by 3.5 per cent this year and 3.7 per cent in 2018 after 3.1 per cent in 2016. This is slightly higher than the winter forecast from December. The more benign forecast stems from an upgrade of the outlook for the advanced economies amid the increasing political uncertainties surrounding the business environment including the upcoming French elections, the Brexit negotiations and doubts about Donald Trump’s economic policy, says Nordea’s Group Chief Economist, Helge J. Pedersen. The outlook for the Nordic countries has also