Nordea Economic Outlook - English
Nordea Economic Outlook September 2026
The global economy has shown remarkable resilience, but uncertainty remains high. The war in the Middle East has pushed oil prices higher, reigniting inflation concerns and prompting central banks to reassess their policy paths. Bond yields have climbed, and the AI-driven investment boom, which so far has lifted economic activity and stock markets, is raising questions of its own.
Are we heading towards rising inflation? How will central banks respond – and what does this mean for interest rates, currencies and growth across the Nordics and beyond?
Helge J. Pedersen explores the key forces shaping the economy in the years ahead.
Duration: 30 minutes plus Q&A
Language: English
Meet the people
Helge Pedersen
Helge J. Pedersen has more than 30 years' experience in the financial sector and has been Group Chief Economist with Nordea since 1999. He closely follows the developments in both the Danish and international economy and has been a longstanding member of the Conference Board, where he served as chairman for the European Economic Council in 2006-08. He is also Chairman and the Danish representative of the Chief Economist Group (CEG) under the European Banking Federation.