SEB: Nordic Outlook: Stronger global growth, but downside risks dominate - Swedish boom threatened by imbalances
Global economic growth has the potential to gain strength but is imbalanced and fragile. Downside risks dominate, despite many years of expansionary monetary policies and sharply falling energy prices. The world's manufacturers are facing strong headwinds due to weak demand, surplus production capacity and a decline in commodity prices, but in many countries the service sector is still showing good resilience. A combination of expected growth deceleration in China without a hard landing, US domestic consumption power and Europe's gradual recovery will lead to a cautious acceleration in