According to the updated forecasts of SEB banka’s global and Baltic economic magazine “Nordic Outlook”, most economies have shown unexpectedly high resistance to rising interest rates and inflation in recent months. Households continue to spend money on consumption patterns stalled during the COVID-19 pandemic, including through savings. Businesses benefited from easing global supply disruptions and still relatively healthy demand. This supports economic activity, which can shorten the period of rising unemployment. This reduces the risk of a deep recession caused by the possibility of a chain of multiple negative events.
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“As long as the significant problems related to inflation, energy supply and geopolitical turmoil continue, the situation will be difficult,” he says. SEB bank economist Dainis Gašpuitis.
To find out more about the latest forecasts, on November 23 at 10:00, we invite you to join the online presentation, where SEB bank economist Dainis Gašpuitis will tell you about the future economic prospects of Latvia, the Baltic countries and of the world. On the other hand, Ingus Grasis, investment strategist at SEB Private Banking, will tell more about what happened in the equity and securities markets this year, as well as how suitable this period is for investing.
