Summary of Spillovers in the Nordic Countries

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Spillovers in the Nordic Countries summary


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The Nordic nations reverberate from economic tremors arising from the European Union and, to a lesser degree, Russia, and from falling energy prices. But these countries are not equally at risk, according to this complex analysis by International Monetary Fund economists Borislava Mircheva and Dirk Muir. While the report’s conclusions are unsurprising, getAbstract nonetheless recommends it to economists and analysts for its comprehensive scenarios.

In this summary, you will learn

  • How economic and political developments in the euro zone and Russia influence the Nordic countries, and
  • How a decline in the price of oil and more EU sanctions against Russia would affect Nordic economies.

About the Authors

Borislava Mircheva and Dirk Muir are economists with the International Monetary Fund.



The economies of Denmark, Finland, Norway and Sweden are small but interconnected with one another, the European Union and, to a lesser extent, Russia. Shocks from these powerhouses, as well as the impact of falling oil prices, affect the Nordics in different ways. Four modeled situations highlight ...

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