Financial Outlook: Annika Winsth | Nordea

On Thursday, February 13, the Chamber welcomed members to Nordea’s head office in Stockholm for a lunch and financial outlook with Annika Winsth, Chief Economist, Nordea.

Annika provided participants with a financial outlook of several countries, exploring the underlying factors contributing to their current situations, with a particular emphasis on the economies of Sweden, the United Kingdom and the United States.

Annika highlighted the resilience of financial markets despite global uncertainties, particularly those surrounding Trump’s trade policies.

In the U.S., the Fed has likely concluded its rate cuts despite ongoing inflation and political pressure. Trade tensions persist, particularly for surplus nations, and European leaders must adapt to shifting trade dynamics to ensure stability and democracy.

Sweden faces a recession but remains structurally sound, with strong public finances and a leading position in innovation and high-skilled industries. The economy is set to recover in 2025, with household spending rebounding and the labor market stabilizing. January’s rise in inflation reduces the likelihood of further Riksbank rate cuts in the near term.

We extend our sincerest gratitude to Nordea for hosting and providing a wonderful lunch, to Annika Winsth for her insightful presentation and to all of our members that attended.