Nordic Outlook: Soft landing due to Fed easing and trade talks
Press releaseStockholm 12 November 2019 Nordic Outlook: Soft landing due to Fed easing and trade talks Sweden: Riksbank abandoning negative rate despite rising joblessness US Federal Reserve (Fed) key interest rate cuts and progress in international trade negotiations have boosted global confidence. We are still lowering our GDP growth forecast for 2019 and 2020, but recession risks have diminished and in 2021 global GDP will accelerate again. Lingering political uncertainty and resource restrictions will limit the upside, though. Given continued low inflation, the burden of