Nordea Economic Outlook: Proceed with caution
The outlook for the world economy has brightened for the first time in a year and a half, according to Nordea’s Economic Outlook. While the bank’s forecast for global growth is revised slightly down since September, the picture is less bleak. ”The downside risks from the trade war and Brexit have receded, and the big central banks have come to the rescue once again. Yet, while the worst of the storms may be over, there’s still reason for caution, as geopolitical risks continue to cast a shadow over 2020 and beyond”, says Nordea’s Group Chief Economist, Helge J. Pedersen. The Nordics