Global economy likely to beat forecasts as China rebounds: Nordea Bank

HELSINKI, Jan. 25 (Xinhua) -- The global economy may outperform expectations this year despite its current slow growth, the European financial services group Nordea Bank said in a press release on Wednesday.

High inflation is eroding households' purchasing power, and in the Nordic countries the housing markets face a sharp slowdown.

However, according to the Helsinki-based bank, the recent economic devel