Nordic economies in good health
Against the background of the escalating Euro-area debt crisis the Nordic countries have cemented their position as safe havens in the financial markets.- As a result interest rates have moved to record lows and the currencies of the countries not participating in the euro have strengthened sharply. Especially the strong public finances of the Nordics have contributed to this situation, and Denmark, Norway and Sweden can moreover boast significant surpluses on their external balances, says Helge J. Pedersen, Nordea’s Global Chief Economist. - With their relatively low unemployment and