Nordic & Swiss Economics

Nordic & Swiss Economic Outlook

21 April, 2017

Strong growth throughout, but policy to diverge

Prospects appear to have improved for all of the Nordic and Swiss economies, with surveys pointing to annual GDP growth of up to 3% in Switzerland and 5% in Sweden. Inflation has been subdued on the whole, but several factors point to a marked divergence in future. Inflation expectations have risen sharply in Sweden and, given particular concerns about the adverse effects of ultra-loose monetary policy there, we expect the Riksbank to start raising interest rates at the end of this year. But in Switzerland

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