Nordic Macro Monthly: Pent up demand will boost Nordics towards summer
Nordic Macro Monthly: Pent up demand will boost Nordics towards summer
  • The Nordic economies are struggling with the consequences of the Corona pandemic, but so far, the region’s resilience has been surprisingly strong
  • GDP growth this year will fall in all the Nordics by around 4%, much less than in most other developed countries
  • Growth will pick up in the second half of 2021, once the coronavirus vaccine is rolled out
  • Policy will remain accommodative, Norges Bank will be an early mover and hike in 2021
  • Special theme: Nordic retail sales- Helped by the pandemic
  • Uneven retail trade partly explained by less cross-border trading
  • A common trend among the Nordics is the shift of consumption from services to goods
PDF-Document Read the full analysis/report here (pdf)


Analysts:
Heidi Schauman, heidi.schauman@swedbank.fi 
Sonja Liukkonen, sonja.liukkonen@swedbank.fi


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