Pasaulio ekonomikos apžvalga „Nordic Outlook“ (anglų kalba)

Sustained growth in an uncertain world
The US elections are over, but political uncertainty remains. The fight against inflation has largely been won. Service prices are still rising a little too much but will not prevent further key rate cuts. Politics and conflicts are downside risks, but economies continue to show resilience. However, the differences are clear: The United States is showing persistent strength, China is decelerating and the euro area is struggling with both structural and cyclical problems.

The US elections – from one uncertainty to another
Politics and conflicts have remained in focus this autumn, while economic developments have been calmer. Waiting for the US elections and the potential political, financial and economic impact of the presidential candidates’ policies has occupied the centre of attention. Although opinion polls did indicate that Donald Trump was leading, the Republicans won the elections more convincingly than expected. With the elections now over, some questions have been answered, but many remain. We assume that the US will raise tariffs, especially against China; the highest levels mentioned during the campaign – 60 per cent against China and 10-20 per cent against the rest of the world – will be subject to negotiations, since high tariffs are expected to hurt the US economy.

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