Nordic outlook – New sources of growth

Highlights

• Consumer demand in many countries is dented by higher energy prices, but other sources, not least AI-related investments, largely offset this.
• Broadly speaking, we expect growth, inflation and unemployment to converge around structural levels, although with major risks not least related to energy supplies.
• The Swedish and Finnish economies are recovering, while Denmark’s high growth rate masks a steady domestic economy and Norway is slowing down.

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