Swiss Economicblogs.org
Loss of global economic momentum and elevated global uncertainties cast a shadow over Scandinavian currencies.The ongoing moderation in global growth continues to weigh on Scandinavian currencies despite their undervaluation. In particular, the weak Q2 GDP figure for Sweden is a reminder that weak economic activity in Germany and the UK (two key trading partners) is spreading to other countries. Furthermore, despite Sweden’s and Norway’s defensive features, such as a structural current...
Read More »Scandi currencies hurt by moderating global growth
