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picture News October, 22 2017
Global Growth Forces Defy Political Uncertainty Global Growth Forces Defy Political Uncertainty

- The world is balancing between positive growth signals and difficult political issues, but there are trend signs showing that global growth might defy the political uncertainties, said Daniel Bergvall, Economist at SEB Economic Research in Stockholm, as he commented on the bank’s latest Nordic Outlook at SCCE’s May Business Lunch in Tallinn.

After several quarters of anaemic growth, Estonia currently has a surge in exports which will drive growth, at least on a short-term basis.

Sweden’s economic indicators are at historical peaks. The GDP will grow by 3,1% this year and 2,6% in 2018. Sentiment indicators suggest an even faster expansion, but production restrictions and bottlenecks will hamper growth.

Challenged by globalization, economic inequality, populism, a new security policy agenda, and transformative technologies that affect societies and labor markets, the EU is at a critical, existential crossroads. This conclusion is confirmed in the ‘White Paper on the Future of Europe’ which presents five different scenarios for how the EU27 may look in 2025.

A report on SEB’s Nordic Outlook will be published in the summer issue of SCCE’s magazine focus.

On behalf of the SCCE, I thank Daniel Bergvall for yet another very interesting Nordic Outlook on the global economy and look forward to see and listen to him again for an update on the economy in November.

 

Sincerely,

Kristiina Sikk

SCCE Ombudsman

 



read more:
· SEB Outlook


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