Handelsbanken: Monthly Macro Update

16-10-2015

On diverging trends

The global economy is continuing to expand at about the same pace as the last couple of years. At that level, economic developments seem rather  tranquil. However, a closer look at how individual countries and regions are faring reveals a more dramatic story.

  • Markets spellbound by Fed dragging its feet
  • Recovery in the eurozone much too feeble
  • China will manage a soft landing
  • Sweden stands out

Sweden   has   no   doubt   the   strongest   economy among the Nordic countries. For  years, the country enjoyed stronger growth than most of its EU peers. However,  to  a  large extent,  that  is  a reflection  of above- average  growth  in  the  labour force,  mostly due to immigration.

Link to the full report: "On diverging trends"


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