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UK Comment — UK numbers on the weak side of expectations

  1. Q1 GDP growth lowered, private consumption and net exports disappoint
  2. A Q2 rebound possible, but growth trend should weaken ahead
  3. Housing market weakening further; weaker-than-expected mortgage approvals in April

Kari Due-Andresen, Chief Economist Norway |

Morgenrapport Norge —

Halfdan Grangård, Economist |

Fast Comment China — Credit rating downgrade a blow to China’s push to attract foreign bond investors

  1. Limited negative effect on the overall economy
  2. More difficult to liberalise capital restrictions
  3. Authorities reject the arguments

Bjarke Roed-Frederiksen, Economist |

Fast Comment Norway — Expectations survey: little new information about wages; stronger GDP outlook

  1. Wage expectations among social partners have not changed much since the previous survey
  2. Wage expectations match Norges Bank's 2017-18 forecasts...
  3. ...but the GDP outlook appears to be stronger than expected

Marius Gonsholt Hov, Economist |

Fast Comment Finland — Unemployment rate (SA) remained stable in April

  1. Unemployment rate (SA) 8.9 percent in April
  2. Labour force increased more than employment in y-o-y terms
  3. Labour market situation continues to improve

Janne Ronkanen, Economist |