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SEB report: Recovery despite imbalances and crises

SEB report: Recovery despite imbalances and crises

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Published by SEB Group
The world economy is now entering a new phase, where differences in underlying conditions are becoming ever clearer. “Our main scenario is that the recovery will continue in spite of imbalances and crises,” says Håkan Frisén, head of SEB Economic Research in a comment to the latest Nordic Outlook released Tuesday.
The world economy is now entering a new phase, where differences in underlying conditions are becoming ever clearer. “Our main scenario is that the recovery will continue in spite of imbalances and crises,” says Håkan Frisén, head of SEB Economic Research in a comment to the latest Nordic Outlook released Tuesday.

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Published by: SEB Group on May 04, 2010
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Growth accelerating, but diffi cultpost-crisis choices aheadNew focus on government debtand financial regulations
Nordic Outlook
Economic Research – May 2010
 
Nordic Outlook May 2010 | 3
Contents
International overview 5
Theme: Reforming the nancial infrastructure 14The United States 16Japan 21Asia 22The euro zone 23
The United Kingdom 28
Eastern Europe 29The Baltics 30Sweden 32Denmark 41Norway 42Finland 45Nordic key economic data 46
Boxes
Next phase in the Greek crisis 6Rapid recovery or new crisis wave? 7The economic policies of the future 12Can the US double its exports in 5 years? 17Health care reform approved 20Great need for internal devaluations 25Public nances and long-term yields 27How much divergence from euro zone? 33Large gap between GDP and labour market 35Home price correction on the way 37
 
4 | Nordic Outlook May 2010Economic Research
This report was published on May 4, 2010.Cut-o date or calculations and orecasts was April 29, 2010.Robert Bergqvist Håkan FrisénChie Economist Head o Economic Research+ 46 8 506 230 16 + 46 8 763 80 67Daniel Bergvall Mattias BruérEconomist Economist+46 8 763 85 94 + 46 8 763 85 06Ann Enshagen Lavebrink Mikael JohanssonEditorial Assistant Economist+ 46 8 763 80 77 + 46 8 763 80 93Tomas LindströmEconomist+ 46 8 763 80 28Gunilla Nyström Ingela HemmingGlobal Head o Personal Finance Research Global Head o Small Business Research+ 46 8 763 65 81 + 46 8 763 82 97Susanne Eliasson Johanna WahlstenPersonal Finance Analyst Small Business Analyst+ 46 8 763 65 88 + 46 8 763 80 72SEB Economic Research, K-A3, SE-106 40 StockholmContributions to this report have been made by Thomas Köbel, Klaus Schrüer, SEB Frankurt/M andOlle Holmgren, Trading Strategy. Stein Bruun, SEB Oslo is responsible or the Norwegian analysisSee disclaimer on page 50.

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