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.
Tags:
Related Services
Post
BoK’s monetary policy to tighten even as hiking cycle ends
Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.
Find Out More
Post
China: Emerging green shoots in Spring, but not out of the woods
We now incorporate a faster recovery from the post-Covid exit wave and raise our 2023 full-year GDP growth forecast to 4.5% (from 4.2% previously).
Find Out More