September 14, 2021
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FLASH: Sweden inflation in August-21

SE CPI 2.05 % (vs 1.69 %)

SE CPIF 2.36 % (vs 1.87 %)

September 10, 2021
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FLASH: Norway inflation in August-21

NO CPI 3.38 % (vs 3.11 %)

September 10, 2021
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UK: RIP rapid recovery

  • The UK’s rapid recovery phase ended in July with GDP only limping up by 0.1% m-o-m, despite output still languishing 2.4% below the pre-covid level. Only the most depressed sectors even expanded, with most of the economy slipping further from their peaks.
  • It is hard to find an optimistic angle, but seasonal factors may have distorted the recovery profile. We now track Q3 GDP growth at 1.4%, which is below our already gloomy forecast for H2 before any covid-related restrictions return.