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Fast Comment Finland Positive trend continues in the Finnish labour market

  • Unemployment rate (S.A.) at 8.4 percent in February
  • Employment rate surged to 71.1 percent
  • Employment expectations are high

Janne Ronkanen

Senior Economist


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Macro Comment China — Does the more powerful Xi dare lower the growth target?

China's national legislature, the National People's Congress, will convene in early March to elect new state leaders and decide on new economic targets and reform areas. There is little doubt that Xi Jinping will re-main in charge for another five-year term and also most likely beyond that. We foresee an unchanged growth target, but expect the rhetoric surrounding the target to pave the way for gradually slowing growth ahead. The Congress will also shed further light on the coming years' policy priorities, which include fighting overcapacity, pollution, and financial risks.

Bjarke Roed-Frederiksen, Senior Economist |

Fast Comment Finland — Finnish GDP grew by 3.0 percent in 2017

  1. GDP grew by 3.0 percent in 2017 – Q4 growth of 0.7/2.7 percent q-o-q/y-o-y
  2. Investments and net exports contributed the most to 2017 y-o-y GDP growth
  3. This is as good as it gets

Tiina Helenius, Chief Economist Finland |

Fast Comment Sweden — GDP growth picking up, but not a sigh of relief for the Riksbank as labour costs remain sluggish

  1. GDP growth accelerates from an already healthy pace
  2. The late-cyclical labour cost rise is stubbornly slow, the drag on inflation easing only gradually
  3. Retail sales off to poor start for the new year

Johan Löf, Senior Economist |

Fast Comment Denmark — Strong finish to 2017, but a messy picture

  1. GDP grew 1.0 percent q-o-q in Q4 - stronger than expected
  2. Large inventory fluctuations have affected the outcome, and in H2 quarterly GDP growth averaged only 0.1 percent
  3. For 2017 growth ended at 2.1 percent, but without a one-off payment from abroad growth would only have been 1.7 percent

Jes Asmussen, Chief Economist Denmark |

Fast Comment Norway — Retail sales down by 0.4 percent in January, weaker than expected

  1. Retail sales down by 0.4 percent in January, below market expectations
  2. Still, a net positive development over the past three months...
  3. ...although we must admit the pace has been weaker than expected

Marius Gonsholt Hov, Senior Economist |

Fast Comment US — Fed Chairman Powell strikes a bullish tone on the economy

  1. Powell says rates can continue to rise gradually
  2. Outlook for growth remains strong, aided by fiscal policy and firmer global demand
  3. March rate increase appears to be 'a done deal'; risk of four increases this year is increasing

Jes Asmussen, Chief Economist Denmark |