Nordea Economic Outlook 1/2025 Group Chief Economist Helge J. Pedersen DENMARK Helge J. Pedersen Group Chief Economist helge.pedersen@nordea.com +45 5547 1532 X: @helgejpedersen Jan Størup Nielsen Chief Analyst jan.storup.nielsen@nordea.com +45 5547 1540 X: @JanStorup Philip Maldia Madsen Macro Strategist philip.maldia.madsen@nor- dea.com +45 2625 1379 X: @MadsenMaldia Chief Editor Terry Baynes SWEDEN Annika Winsth Chief Economist annika.winsth@nordea.com +46 70 612 5959 X: @annikawinsth Torbjörn Isaksson Chief Analyst torbjorn.isaksson@nordea.com +46 8 407 9101 X: @TorbjrnIsaksson Joel Lundh Analyst joel.lundh@nordea.com +46 73 343 4133 NORWAY Kjetil Olsen Chief Economist kol@nordea.com +47 22 48 77 88 X: @kol_olsen Lars Mouland Chief Analyst lars.mouland@nordea.com +47 22 48 77 78 Sara Midtgaard Senior Strategist sara.midtgaard@nordea.com +47 9071 7414 X: @MidtgaardSara Ole Håkon Eek-Nielsen Head of Research and Risk Solutions OHEN@nordea.com +47 95 13 14 66 Editorial deadline 22/01/2025 FINLAND Tuuli Koivu Chief Economist tuuli.koivu@nordea.com +358 9 5300 8073 X: @koivutuuli Jan von Gerich Chief Analyst jan.vongerich@nordea.com +358 9 5300 5191 X: @JanVonGerich Juho Kostiainen Chief Analyst juho.kostiainen@nordea.com +358 9 5300 6728 X: @JuhoKostiainen Data sources are Macrobond, national statistical bureaus and own calculations unless otherwise noted. Visit us at: http://corporate.nordea.com Nordea Markets is the commercial name for Nordea’s international capital markets operation. The information provided herein i s intended for background information only and for the sole use of the intended recipient. The views and other information provided herein are the current views of Nordea Markets as of the date of this document and are subject to change without notice. This notice is not an exhaustive description of the described product or the risks related to it, and it should not be relied on as such, nor is it a substitute for the judgement of the recipient. The information provided herein is not intended to constitute and does not constitute investment advice nor is the information intended as an offer or solicitation for the purchase or sale of any financial instrument. The information contained herein has no regard to the specific investment objectives, the financial situation or particular needs of any particular recipient. Relevant and specific professional advice should always be obtained before making any investment or credit decision. It is important to note that past performance is not indicative of future results. Nordea Markets is not and does not purport to be an adviser as to legal, taxation, accounting or regulatory matters in any jurisdiction. This document may not be reproduced, distributed or published for any purpose without the prior written consent from Nordea Markets.
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