UBS: Sweden, Norway Will Outperform Euro Area

Aug. 28 (Bloomberg) — Sweden and Norway will enjoy a faster economic recovery than the euro area, boosting their currencies, as policy makers raise interest rates earlier than the European Central Bank, UBS AG economist Sunil Kapadia said.

“These countries will be very early hiking rates,” Kapadia said in a telephone interview out of London yesterday. “We’re very bullish on the Nordics and recent data have supported that view.”

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