Milestone AMG has been regarded by its peers as one of the best Independent Financial Advisory firms consistently providing the latest and most profitable financial solutions to today’s investors.

1. A look at the Scandinavia Economies
Milestone AMG has been regarded by its peers as one of the best
Independent Financial Advisory firms consistently providing the
latest and most profitable financial solutions to today’s investors.

2. A look at the Scandinavia Economies

3. Milestone AMG has been regarded by its peers as one
of the best Independent Financial Advisory firms
consistently providing the latest and most profitable
financial solutions to today’s investors. We believe
that even though the markets change on a daily basis,
the principles for investing always remain constant.
Our investment research is not just based on the
major indexes. When we look for new and exciting
opportunities we will search all indices for the right
recommendations. Today we look at Scandinavia (also
referred to as the ‘Nordic’ region) as we research the
four countries that make up the region: Denmark,
Finland, Norway and Sweden.

4. THE NORDIC ECONOMY
Economic Growth
The regional economy grew by a healthy 2.5% in2011, but lost
momentum towards the end of the year. Growth is expected to slow
down in 2012, but contraction is not anticipated for any of the Nordic
countries. GDP is forecasted to rebound to some 2% in 2013. Public
finances remain relatively well contained and all maintained triple-
A ratings on government debt. With the current European crisis in
full motion, the Nordic economies offer an alternative to the major
European markets.
Interest Rates
Long term interest rates remained low across the region in the first
quarter of 2012. Yields on 10-year government bonds were below
inflation in Denmark, Norway and Sweden again proving the region’s
economic strength.

5. Retail Sector
The retail sector fundamentals have generally been good in the Nordic
countries thanks to healthy growth in private spending. This trend is
expected to continue throughout 2012, with the exception of Denmark
where the awaited recovery has not materialized just yet. Increased
consumer spending is always a sign of confidence within the economy
and can only be seen as a positive reflection of how the current sentient
within these specific countries is viewed.
Industrial Production
Industrial production has lost some momentum in recent months. Still,
production is seen to have grown slightly (year on year) in 3 out of four
countries. Again this separates the Scandinavian economies from the
rest of Europe and we expect this to continue through the rest of 2012.
We believe by taking a diverse look at our clients’ assets we can protect
them against the most volatile situations presented in today’s current
markets. As always, asset allocation is the key to a healthy and
productive portfolio.