Nordic & Swiss Economics Weekly Riksbank shrugs off krona surge The Swedish krona has risen the most of any G10 currency against the US dollar this year, but its trade-weighted index is not particularly strong, so policymakers don’t seem to be losing much sleep... 4th September 2020 · 6 mins read
Europe Economics Weekly German generosity, Fed’s shift food for thought at ECB Given that economic activity is still below pre-virus levels and the resurgence in virus cases shows little sign of abating, it is hardly surprising that Germany and France announced extensions to... 28th August 2020 · 9 mins read
Nordic & Swiss Economics Weekly KOF hits decade-high; retail sugar-rush starting to fade The Swiss economy contracted by more than those in the Nordics in the first half of the year but appears to have rebounded strongly in the third quarter. Rising virus cases in the country are... 28th August 2020 · 5 mins read
Europe Economics Weekly Early signs that activity might be falling The recent increase in virus cases across the euro-zone has been concentrated among younger people than in the first wave of the crisis, so it is putting less pressure on public health systems and... 21st August 2020 · 6 mins read
Nordic & Swiss Economics Weekly Swiss pharma boom rolls on; Riksbank biding its time The resilience of the pharmaceutical sector masked much deeper problems in the Swiss manufacturing sector in Q2, but signs that German industry continued to rebound in August bode well given strong... 21st August 2020 · 7 mins read
Nordic & Swiss Economics Weekly Denmark outperforms in Q2 News that Danish GDP contracted by 7.4% q/q in Q2 leaves us happy with our forecast that it will fall by only around 3% this calendar year – a much smaller contraction than we expect in the euro-zone... 14th August 2020 · 4 mins read
Europe Economics Weekly Rebound phase coming to an end It seems increasingly likely that the rebound phase in the euro-zone is coming to an end. There is a bit more room for industrial production to rise in July, but not much beyond that, while retail... 14th August 2020 · 6 mins read
Nordic & Swiss Economics Weekly Swedish experience dashes hopes of rapid recoveries The fact that the contraction in Swedish GDP in Q2 was smaller than elsewhere in Europe understandably took the headlines this week. However, Sweden’s experience still demonstrates the extent to which... 7th August 2020 · 6 mins read
Europe Economics Weekly Economy recovering well, but second wave fears grow Official data for June show that the euro-zone economy was recovering from the lockdowns at a decent pace at the end of Q2 and business surveys for July point to this continuing at the start of Q3... 7th August 2020 · 7 mins read
Europe Economics Weekly Latest data highlight divergence across the euro-zone The economic data published this week confirm that euro-zone member states have had very different experiences of the virus so far. This is likely to continue, with Germany outperforming and Spain... 31st July 2020 · 7 mins read
Nordic & Swiss Economics Weekly No sign of let-up in Nordic retail recovery The lack of a see-saw pattern in Nordic retail sales data since February stands in stark contrast to the situation in Switzerland and supports our view that the Nordic economies have fared... 31st July 2020 · 6 mins read
Nordic & Swiss Economics Weekly Unpicking Sweden’s labour data; DNB to cut again The larger-than-expected increase in Swedish unemployment in July was not as bad as it first appeared given that it mainly reflected fewer summer jobs this year. While Sweden has not been immune from... 24th July 2020 · 5 mins read
Europe Economics Weekly More fiscal and monetary stimulus to come We doubt that EU leaders reach a final deal on the proposed Recovery Fund at the conference which its taking place today and tomorrow in Brussels, though a deal is likely eventually. In any case, most... 17th July 2020 · 6 mins read
Nordic & Swiss Economics Weekly SNB makes its case (again) While we doubt that anything conclusive will be agreed at the EU summit this weekend, the likelihood of a joint fiscal package being signed off in due course is consistent with our view that the Swiss... 17th July 2020 · 4 mins read
Nordic & Swiss Economics Weekly Upside risk to forecasts is building While the latest data indicate that the Nordic economies did not come roaring out of the blocks in May, they add to signs that activity in the region has held up much better than in the euro-zone... 10th July 2020 · 5 mins read
