FocusEconomics Nordic Economies Interview 2021

Interview with Capital Economics, ETLA, Handelsbanken and NIER

The Covid-19 pandemic shook economies worldwide in 2020. However, the Nordics region weathered the effects of the health crisis better than most European peers, contracting 2.4% overall last year, markedly above the Euro area’s 6.7% decline. Meanwhile, the recovery seems to be well underway in most Nordic countries, as many of the measures to curb the spread of the virus are being gradually lifted. The region is expected to grow at the fastest pace in over a decade in 2021, with FocusEconomics Consensus panelists forecasting a 3.2% expansion.

To better understand what factors contributed to the Nordic economies’ performance and what we can expect ahead, we spoke to David Oxley from Capital Economics, Ville Kaitila from ETLA Economic Research, Janne Ronkanen from Handelsbanken and
Erik Spector from the Swedish National Institute of Economic Research (NIER).