Nordic economies have caught the limelight in recent months after house prices have fallen in Norway and Sweden. Historically, house price declines result higher interest rates, but it did not follow the suit this time. Supply and demand are key factors behind this surge. High prices, especially in central urban locations, have caused large increases in the supply of new housing and that is having an effect on prices. Economic growth has been very much driven by housing investment in Sweden in recent years and we think it is unlikely that Swedish housing investment will continue to expand Danish GDP fell 0.5% in Q3. As far as we can see, this makes Denmark the only country in the world to announce a negative growth rate for the quarter, apart from Mexico, where GDP was affected by two powerful earthquakes in September.
The Nordic countries represent a diverse group. In Denmark low productivity growth, a lack of investment, high household debt and a lacklustre outlook in many important export markets are holding back growth. Finland caught in a vicious cycle, where weak competitiveness and poor corporate profitability are threatening to turn into a chronic problem of very low trend growth. Still, to a large extent, Finland’s problems are primarily of a domestic nature. Due to the fall in oil prices, the Norwegian economy has deteriorated at a faster pace than expected.
In Sweden, the economy is shifting into a higher gear and is likely to approach a cyclical peak next year. While exports will grow robustly on the back of a recovery in the euro area, domestic demand is expected to be the main driver. Given that demand is likely to expand at a faster pace than the underlying productive capacity, a positive output gap will gradually emerge. Domestic inflationary pressures are modest for the time being but will play a more salient role ahead.
Advantages of Group Reports:
All our reports follow straight forward structure, which will help you design your own metrics and compare common macroeconomic factors.
Especially helpful if you are studying group of countries like BRICS, ANZUS, etc.
Discount on group reports.
Scope of the NORDIC PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for NORDIC.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for NORDIC.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for NORDIC.
- These reports provide risk analysis for NORDIC.
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