Danske Bank: Finnish Economy Growing Better than Expected
5 Articles
5 Articles
According to the bank, the smaller-than-expected effects of the Iran war and increased private consumption boosted economic growth.
Danske Bank still believes in two interest rate increases from the Riksbank up to and including 2027. However, the first interest rate increase is being postponed until November this year.
The Swedish economy is growing faster than expected and household purchasing power is strong. At the same time, higher prices are expected as a result of the Iran war.
The Finnish economy has gained new momentum. The outlook has clearly brightened, especially in export-driven industries, Danske Bank estimates.
Danske Bank still believes in two interest rate hikes from the Riksbank until 2027. However, the first interest rate hike is being postponed until November this year. – Since the Riksbank was so “soft” in August, we now believe that it will take longer. If you read the minutes and how the Riksbank is reasoning, they do not seem to be in a hurry. We expect an increase in November and then another in February, says the bank's chief economist Susan…
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