TRUMP WITH LESS PUNCH Will the expected fiscal stimulus be “yuge” or fall short? / p. 36 FINANCIAL MARKETS Political risks have not derailed positive sentiment – at least not so far. / p. 10 NORDICS Tailwind in the Nordics, and the global recovery should help. / p. 16 Nordea Economic Outlook 2 / 2017 WHAT’S UP WITH INFLATION? Inflation is back on track around the globe, but is it here to stay, and what about in the Nordics? / p. 30
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