Nordea Economic Outlook: Summer 2026 update
The war in the Middle East is unlikely to severely impact the global economy unless it becomes protracted or oil prices rise significantly from current levels. However, uncertainty is high, which in itself negatively affects both business leader and consumer confidence. At the same time, inflation is rising, and there are prospects for higher interest rates in many regions.The Nordic countries have so far not been hit hard by the conflict in the Middle East. None of the countries has significant trade with the region, and the economies are among the most energy-efficient in the world, with
