The latest data paint a mixed picture of the performance of the Swiss and Nordic economies at the end of 2018, with signs of weakness in Switzerland and Sweden offset in part by robust quarterly GDP growth in Norway and Denmark. However, we think that GDP growth throughout the region will slow this year, particularly given the wider weakness in the euro-zone economy. Indeed, surveys suggest that Swiss industrial output growth has already slowed sharply in early 2019, echoing the troubles in neighbouring Germany, and a sharp contraction in construction in Sweden will continue to weigh on investment there. Meanwhile, although the Norwegian economy ended 2018 on a high note, our forecast for oil prices to fall means that we expect GDP growth to slow there as well.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services