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14 November 2023

The global economy is decelerating, but at different rates in different parts of the world. Lower inflation, high employment and rising real wages will continue to support a soft landing. Key interest rates have peaked, and the US Federal Reserve will begin its rate cutting cycle by the middle of next year. This will contribute to a moderate recovery during the latter part of our forecast period. Meanwhile geopolitical turmoil is creating growing downside risks. The question of how well economies – and the financial system – can continue to withstand increasingly tight financial conditions is another uncertainty.

Nordic Outlook Update, November 2023
3.0
Global GDP growth
6.1%
CPIF Sweden