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SEB report: Global recovery despite European debt crisis

SEB report: Global recovery despite European debt crisis

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Published by SEB Group
The global recovery will continue, helped by the underlying power of the emerging market economies, low interest rates in the Western world and optimistic, profitable companies, SEB’s economists say in the latest issue of Nordic Outlook.
The global recovery will continue, helped by the underlying power of the emerging market economies, low interest rates in the Western world and optimistic, profitable companies, SEB’s economists say in the latest issue of Nordic Outlook.

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Published by: SEB Group on May 17, 2011
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Continued recovery despite newwave o European debt crisisInfation will all despite risingresource utilisation
Nordic Outlook
Economic Research – May 2011
 
Contents
Nordic Outlook May 2011 | 3
International overview 5Theme: The path to European debt restructuring 14The United States 16Japan 21Asia 22The euro zone 25The United Kingdom 30Eastern Europe 31The Baltics 32Sweden 34Denmark 41Norway 43Finland 47Economic data 49
Boxes
The commodity price upturn will ade 7Rising oil prices will slow GDP growth 17A shaky credit rating 19The US will retain its leading role 20Reducing China’s coal dependency 23Domestic actors drive Indian ood prices 24Italy and France chug along in low gear 26Fiscal stimulus pushing up Russian growth 31High oil prices boost the budget surplus 44The election o April 17, 2011 48
 
4 | Nordic Outlook May 2011Economic Research
This report was published on May 17, 2011.Cut-o date or calculations and orecasts was May 12, 2011.
Robert Bergqvist Håkan Frisén
Chie 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 93Andreas Johnson Tomas LindströmEconomist Economist+46 8 763 80 32 + 46 8 763 80 28Gunilla Nyström Ingela HemmingGlobal Head of Personal Finance Research Global Head of 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, SEB Frankfurt/M and Olle Holmgren,Trading Strategy. Stein Bruun and Erica Blomgren, SEB Oslo are responsible for the Norwegian analysis.Thomas Thygesen, SEB Copenhagen is responsible for the Danish analysis.

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