Brian Bollen's Blog

Energy Crisis and Inflation Dampen Growth Prospects

Nordic corporate bank SEB has released its latest Nordic Outlook report this morning. The report contains SEB economists' views on Swedish and worldwide economic developments, including the policy dilemmas brought on by the energy crisis and accelerating inflation, the impact of China’s strict COVID-19 policy on long-term growth, key forecasts and analysis of other major trends affecting the world economy. 

It also includes an in-depth article on the economic effects of the war in Ukraine, and examines quantitative tightening in monetary policy, mild recession expectations, and Sweden’s upcoming election. 

Please see the top line points below. A link to the full report can be found here; the following represents the contents of the associated press release, ad verbatim.

Fed Affirms Hard‑Line Approach to Taming Inflation

In Jackson Hole, Federal Reserve officials unequivocally emphasised their commitment to bringing inflation under control – even as the U.S. economy slows.

By Tiffany Wilding, North American Economist, and Allison Boxer, Economist, at PIMCO

Market participants listened closely to Federal Reserve officials at the annual symposium in Jackson Hole, Wyoming, for any sign of how committed the central bank remains to fighting inflation amid concerns about the associated costs to growth and employment.