Sweden | Volatile start to Q2 does not change our view
Sweden’s economy grew by 0.4% in May according to the monthly GDP
indicator. This followed strong growth in March and a weak April, with both
months affected by tax changes for registering new cars introduced on 1 April.
What you will learn:
- The job recovery continues at a steady pace
- As expected, inflation dipped further in June
- The crisis brought a major fiscal response that will continue in 2021 and 2022
Eurozone: Nowcasts show a cold start to 2024, but warming later
Our suite of nowcasting models corroborates our tepid near-term expectations for the hibernating eurozone economy, indicating Q1 growth will come in at 0.1% q/q. This is a touch below our 0.2% q/q baseline forecast, though the spread of results across our models plus mixed signals from latest data highlight the uncertainty around the immediate growth outlook.Find Out More
Will Japan policy adjustments accompany the end of NIRP?
Markets appear to be increasingly converging with our forecast that the Bank of Japan will abolish its negative interest rate policy at the April meeting, but views diverge on whether any other policy adjustments will accompany the end of NIRP.Find Out More