14/06/2024
Yesterday, FolksEiendom Utvikling attended Geopolitical and Economic outlook organised by DNB at their headquarters in Bjørvika, Oslo.
Professor Janne Haaland Matlary - University of Oslo gave an incredible talk on Geopolitical Risk with Europe/Norway in focus.
Takeaways;
- Currently, the world has two blosks. Block 1: China, Russia, Iran, North Korea, India & South Afric) and Block 2: USA, Europe, Australia, Japan and South Korea.
- USA is slowly losing grip as world police
- Possible escalation of China/Taiwan conflict
- Russia ‘containment’, China as a JOKER and ‘Money Talks’
- Norway to hold itself to EU framework and MUST enter the EU, there’s safety in numbers.
Chief Economist, DNB Market - Kjersti Haugland drilled deep into economic outlook.
Main Takeaway
- Trump inflation risk due to high tariff, protectionism, expansionary fiscal policies and threat to central bank independence.
- Household income, consumption and savings
- Weak NOK create challenges in fighting inflation
Thanks to DNB, SSB, our partners, speakers and a brilliant network.