Global growth – impressive so far, pitfalls ahead
As we enter 2018, the outlook for global growth is on a stronger footing. Euro area growth keeps improving, while the US has kept up speed. Emerging mar-kets are enjoying a positive momentum. The global cyclical upswing benefits the Nordic and Baltic economies. Political risks have abated somewhat, in particular in Europe. The rise of populism, however, still warrants concern as increased protectionism and geopolitical instability pose a risk to the short-run outlook. In the long run, populist policies could undermine political and economic institutions that are crucial for long-run growth prospects.
For more information, please contact: Anna Breman, Group Chief Economist, phone: +46703149587