MACROECONOMICS : The Autumn Outlook
WELCOME TO JOIN THE SCCL ORGANIZED ANNUAL MACRO DISCUSSION WITH THE LEADING EXPERTS FROM SEB AND SWEDBANK !
ECONOMIC OUTLOOK - FALL 2024 / SPRING 2025
DATE & TIME: Monday, 23 SEPTEMBER 2024, 15:00-17:00
VENUE: SSE Riga, Strelnieku iela 4a, room TBC
RSVP by email to the Swedish Chamber office scc@scc.lv latest by SEP 20, 17:00. (please state your name, company).
ADMISSION: SCCL Members – free of charge | Non-member & Guest fee is EUR 30 p/p
The Event is followed by networking, refreshments & snacks.
The event is organized in partnership with our members: SEB Latvija, Swedbank Latvia and Stockholm School of Economics in Riga.
Some highlights from the Speakers:
According to Dainis Gašpuitis from SEB Latvija, the fight against inflation has been successful, and central banks are taking clearer steps towards interest rate normalization. The US will now launch its interest rate-cutting cycle, which will reduce tensions in the central banking world and help support economic growth during 2025–2026. Growth gaps are narrowing as the United States and China slow down, and the euro area accelerates at a moderate pace. Although economic activity is largely as expected, there is still high unpredictability. The security policy situation may deteriorate further – with contagion risks – in a way that will lower growth and raise prices.
Liva Zorgenfreija, Swedbank Latvija, underlines that the Baltic states are currently displaying significant differences in economic performance and inflation. Latvia is currently experiencing stagnation, but there are expectations for improvement in household consumption due to the return of purchasing power to previous levels. Despite a weaker labor market, it remains resilient. The outlook also anticipates export growth next year, driven by lower interest rates stimulating demand in export markets. Additionally, increased business investments are seen as crucial for maintaining competitiveness.
Read the full Nordic Outlook by SEB | AUG 2024 HERE .
Swedbank’s quarterly Economic Outlook which presents the latest macroeconomic forecasts for Sweden, the Baltic countries, and the major global economies can be found HERE | AUG 2024.