Nordea Economic Outlook: A new phase
The pandemic is far from over, but the global economic outlook remains benign. We expect global growth to land at 5.5% this year, before slowing to 5.1% and 4.1% in 2022 and 2023, says Helge Pedersen, Nordea Group Chief Economist. Inflation has risen sharply, and it may stabilise at a higher level than seen in many years.
In the Nordics, the spread of the virus is under control, the last remaining restrictions are being lifted and growth is high. Pre-pandemic levels of production has been reached in all countries and we now enter a new phase where the need for further economic policy
