Denmark | Delta variant is now the main downside risk
We have raised our 2021 GDP growth forecast to 3.1% from 2.6% previously to reflect a revised softer economic decline in 2020 and a strong increase in
consumer activity. The relaxation of restrictions throughout Q2 should lead to an economic rebound of around 2% over the quarter and push GDP comfortably above its pre-pandemic level, with private investment and stronger services activity supporting growth in H2 2021.
What you will learn:
- Strong consumer activity and national accounts revisions have increased our 2021 GDP growth forecast
- Covid cases have started to creep up as the Delta variant is now the dominant virus strain
- Price expectations, particularly within industry, have remained elevated since April
Tags:
Related Services

Post
Australia: Roadblocks cleared for build-to-rent in Australia
The pipeline of build-to-rent (BTR) developments across Australia continues to swell, with our project tracking currently capturing a pipeline of circa 45,000 announced units. Around 5,900 units have broken ground in FY2023, with a further 15,000 geared to commence across FY2024 and FY2025.
Find Out More
Post
How bank turmoil is impacting APAC commercial real estate credit
Recent bank funding turmoil is likely to lead to tighter lending conditions in commercial real estate markets in the Asia-Pacific region.
Find Out More