Handelsbanken: Then will the economy pick up
Record-high inflation and soaring interest rates are already hitting households and companies hard. And despite fiscal initiatives, things will get worse, before they get better, says Handelsbanken’s Chief Economist, Christina Nyman. “We do not expect the economy to start recovering until the end of 2024, once inflation has fallen back and household purchasing power starts to improve.” Economic activity is slowing down globally, and Handelsbanken’s analysts expect to see major economies enter a mild recession next year, with unemployment set to rise as a result. Looking at the US,