FISCAL POLICY TAKES THE BATON With Trumponomics, is fiscal policy the new magic bullet to boost growth? / p. 36 FINANCIAL MARKETS Big political surprises caught markets off guard in 2016. What lies ahead? / p. 10 NORDICS The Nordic countries look ahead to moderate growth in the coming years. /p. 16 Nordea Economic Outlook JANUARY 2017 ANOTHER BRICK IN THE WALL Protectionism is on the rise. What’s at stake for the global and Nordic economies? / p. 30
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