GLOBAL ECONOMY Global growth to peak in 2018 and stay healthy in 2019 / p. 6 FINANCIAL MARKETS Embarking on a higher volatility trend / p. 10 NORDICS In a solid upswing but still dependent on global growth / p. 14 2 / 2018 THE US RIPPLE EFFECT Business cycles and interest rates can quickly spread from the US across the Atlantic. What are the implications for the Euro area and Nordic economies? / p. 34
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