United States
Soft landing on firmer footing, but election poses new risks.
Nordic Outlook November 2024
Sustained growth despite an uncertain world.
Economic developments continue to defy political uncertainty, war and conflicts. We are forecasting sustained annual growth of just over 3 per cent during 2024–2026. However, the world economy is growing more slowly than before the COVID-19 pandemic, and the outlook is fragmented.
The United States will continue to show economic strength, Chinese growth is decelerating, and the euro area is struggling with both structural and cyclical problems. The fight against inflation has largely been won, and many central banks are cutting their key interest rates.
In Sweden, the recovery has been delayed as households remain hesitant about spending but will pick up speed in 2025 and 2026. We expect Swedish GDP to grow by 0.5 per cent in 2024, 2.2 per cent in 2025 and 3.1 per cent in 2026. The Riksbank will lower its policy rate to 2 per cent.
In-depth country and regional analyses
SEB Research portalIn addition to the summary international overview, we have recently published the following in-depth analyses on our research portal.
Euro area
Recovery postponed.
United Kingdom
Slow recovery supported by monetary easing.
Japan
Deflation dilemma: has the economy finally turned the corner?
Sweden
Delayed recovery, but households look ready to consume more.
Norway
Subdued growth amid delayed rate cuts.
Denmark
Still going strong.
Finland
Slowly leaving recession behind.
Estonia
Rising from the bottom.
Latvia
Stronger tailwinds in 2025.
Lithuania
Rapid growth in costs is the main challenge.
Emerging Markets Explorer
Benign macro fundamentals, geopolitical risks.
Download Nordic Outlook reports
Our macroeconomic flagship report Nordic Outlook contains our economists' views on economic developments in the world. You will find key forecasts as well as an analysis of trends and political decisions that affect the world economy.
