We have lowered Sweden's growth for this year to 3.1% from 3.6% previously due to the fallout from Russia's invasion of Ukraine. The main channel...
Sweden | 2022 GDP growth forecast raised, but high inflation is a key downside risk
Posted by Daniel Kral on Feb 24, 2022
We have raised our full year 2022 GDP growth forecast to 3.6% from 3.3% previously, due to the especially strong flash estimate for Q4 2021. The...
Eurozone weekly economic briefing | Covid risks are out, war risks are in
Posted by Angel Talavera on Feb 18, 2022
The crisis between Russia and Ukraine continues to dominate the headlines. Although we expect the direct economic impact for the eurozone to be...
United Kingdom | A new era of weaker labour supply growth
Posted by Andrew Goodwin on Jan 31, 2022
After a decade of consistently strong growth, UK labour supply has slumped since the onset of the pandemic and we expect only a partial recovery this...
Middle Eastern Cities: The long-term outlook
Posted by George Bowen on Jan 31, 2022
In 2021, there were 16 Urban Economic Powerhouses in the world (cities with GDP greater than $500bn), but none were located in the Middle East. By...
United Kingdom | Fiscal space increases odds of some cost of living relief
Posted by Andrew Goodwin on Jan 31, 2022
The lifting of Covid restrictions on January 27 adds to hopes that the worst of the pandemic is in the past and should boost consumer sentiment. But...
Norway | Omicron's impact on the 2022 growth outlook appears to be mild
Posted by Rory Fennessy on Jan 28, 2022
We have lowered our mainland 2022 GDP growth forecast by 0.1ppt to 4.2% to reflect the economic impact of the Omicron outbreak at the start of the...
United Kingdom | Downside risks from Omicron appear to be fading
Posted by Andrew Goodwin on Jan 21, 2022
Though the scale of December’s fall in retail sales came as a nasty surprise, it was not simply an Omicron story. We still think the Omicron hit to...
Sweden | 2022 GDP growth forecast remains as expected despite Omicron
Posted by Daniel Kral on Jan 18, 2022
We have kept our growth forecast for this year unchanged at 3.2%, as we expect the impact of the Omicron wave to be mild. The latest data on...
United Kingdom | Mixed news on the growth outlook
Posted by Andrew Goodwin on Jan 17, 2022
A strong outturn for November took the output measure of GDP above its pre-pandemic peak. Given GDP is likely to have fallen in December, the...