Nordic & Swiss Economics

Nordic & Swiss Chart Book

18 December, 2018

Risks still lie to the downside

As oil prices have fallen over the past few months, investors’ expectations for interest rates in Norway have fallen roughly into line with our own. Rate expectations in Switzerland have edged down too, reflecting the weakness of the latest economic data. But in both countries, the risks still lie to the downside. The euro-zone economy looks set to grow at a more moderate pace in 2019, and we expect growth in the US to slow sharply. What’s more, while we assume that the UK will leave the EU with

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