Denmark | Vaccination has limited the Delta variant to a downside risk
The flash release estimates that GDP expanded 2.2% in Q2, slightly better than our 2.1% estimate, pushing the Danish economy above its pre-pandemic level. We have therefore raised our 2021 GDP growth forecast by 0.1ppt to 3.2%, which will be followed by 3.4% expansion in 2022.
What you will learn:
- Growth this summer should be supported by a partial rotation back into spending on services and buoyant retail activity as consumers continue to unwind excess savings accumulated during the pandemic.
- The Delta variant remains the key downside risk. But Covid cases remain contained so far
- Goods inflation remains elevated, but services inflation fell back.
- Our forecasts up to 2024 for all of the key economic indicators including GDP, Consumer demand, exports of goods and services, Domestic demand
Tags:
Related Services
Post
Little by little—Manchester is closing the output gap
Greater Manchester has led the UK economy since 2008, driven by knowledge jobs, transport upgrades, and housing growth—but can prosperity reach its outer districts?
Find Out More
Post
Asia’s cities are reshaping the world
From Seoul to Delhi and Shanghai, Asia’s urban centres are rapidly overtaking global rivals as living standards soar. What will this mean for the balance of global economic power?
Find Out More
