Denmark | Economy on course for rapid growth this year
The Danish economy expanded 2.8% q/q in Q2, sending GDP comfortably above its pre-pandemic level. As a result, we have raised our 2021 GDP growth forecast to 4.5% from 3.4% previously, with less pandemic scarring now expected.
What you will learn:
- Despite supply problems in manufacturing, a fully reopened domestic economy should support continued growth at a moderate pace over the rest of the year.
- Rising services activity and elevated retail expenditures are indicative of a consumer-led recovery now that the pandemic is under control.
- The September inflation reading saw CPI rise by 2.2%, the highest rate in nearly nine years and up from 1.8% in August.
US: High debt costs suggest an industrial correction
The scale of the increases in debt costs, coupled with the low-yielding environment makes some repricing highly likely for gateway US industrial markets over the coming quarters.Find Out More
High debt costs suggest European office price correction
Our analysis suggests a 10% correction is needed on average for the major office markets in Europe to compensate for the higher cost of debt, with prime yields required to soften by 10bps-75bps to generate a low-risk interest coverage ratio at a reasonable LTV.Find Out More