Economic Outlook Nordic – Glimpse of light in the dark
If your biggest wish for Christmas is economic expansion, you should pin your hopes on the US and China which appear to be well on their way out of the doldrums.
The Euro zone, on the other hand, is back in recession and this has also hit the Nordic economies, with the exception of oil rich Norway.
However, the Nordics will maintain their safe-haven status in the financial markets, not least due to the countries’ relatively sound public finances compared to most other countries.
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