Global Macro Service > Research Briefings > Denmark

Nordic resilience should power quick recovery

Many of the factors behind the outperformance of the Nordic economies in 2020 are supporting the region’s firm recovery in 2021. Last year, eurozone GDP fell 6.8%, while average GDP for Sweden, Norway, Denmark, and Finland dropped just 2.5%. And by the middle of this year, activity in the Nordics is set to return to pre-pandemic levels, whereas the eurozone will take until early 2022.

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