Radar Nordic Outlook 2020

ECONOMIC OUTLOOK – The Nordic region will outperform the Euro region in growth during 2020-2021.

  • The Nordic region will experience limited growth with a soft landing due to global impact and developments in the world
  • Compared to the Euro region in total the Nordic region and especially the Baltic region will see stronger
  • GDP growth comparisons:

Swedish growth will be moderate this coming year. Unemployment will climb. The oil sector will contribute to solid Norwegian growth, but a slowdown will occur in 2021. The Danish economy shows early signs of weakness and will lose momentum. Finnish manufacturers have shown some resilience, but domestic sectors will take over as economic drivers in 2020-2021.

Region
GDP 2019
GDP 2020
GDP 2021
The Nordics 1,6% 1,9% 1,8%
The Baltics 3,4% 2,3% 2,4%
Euro region 1,0% 1,1% 1,3%
US 2,2% 1,7% 1,9%
China 6,1% 5,7% 5,9%

Content of full report

  • ECONOMIC OUTLOOK
  • MATURE IT MARKETS
  • LARGE IT MARKETS
  • LIMITED BUT STABLE GROWTH
  • MARKET TRENDS
    • SWEDEN
    • NORWAY
    • DENMARK
    • FINLAND

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