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picture News December, 5 2022
image: An Outlook on the Economy An Outlook on the Economy

- Global growth will improve, but the growth is fragile and downside risks dominate, said Daniel Bergvall, Economist at SEB Research & Strategy in Stockholm, as he shared the bank’s latest research data on the global, European and Nordic economies at a 3 May Business Lunch.


- On the global level, 2016 has started uphill. Frustration and fear dominate the financial market with issues like the Chinese economy, USA’s weak first quarter, oil prices, an eventual Brexit and much more being on the agenda, continued Daniel.


- The eurozone is recovering, but faces challenges. However, low interest rates, the oil price and the weak euro sustain domestic economy.


- As for Sweden, the country is in an economic boom, but it is a boom with growing imbalances. We can see higher capital spending, a cautious industry upturn, and a record high private indebtedness, said Daniel.


The coming issue of SCCE's magazine focus will take a closer look at the latest research data on the economy from SEB as well as Eesti Pank.


On behalf of SCCE, I would like to thank Daniel Bergvall and SEB for a very interesting presentation. My thanks also go to Park Inn by Radisson Meriton Conference & Spa Hotel for a nice Business Lunch set up and, last but not least, many thanks to all my colleagues at the British, Danish, Finnish, German-Baltic and Norwegian Chambers of Commerce in Estonia for a very good cooperation in arranging the Business Lunch.





Kristiina Sikk

SCCE Ombudsman


read more:
· SEB Outlook

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