Solid growth for Denmark expected despite emergence of Omicron variant
Downward revisions to Q2 and Q3 GDP figures and concerns about the spread of the Omicron coronavirus variant have led us to lower our 2022 GDP growth forecast to 3.1% from 3.3% previously.
What you will learn:
- We see activity picking up from Q2 2022 under the expectation that supply chain issues will have begun to subside and the vaccine booster programme will have brought the pandemic back under control.
- We don’t think Denmark will be as adversely affected as other European economies, but it could feel the pinch from softer external demand and consumer uncertainty.
- Growth in 2021 is now forecast at 3.8%.
Tags:
Related research
Post
US Tariff Monitor – China deal slightly lowers effective rate
A recent agreement to lower tariffs on Chinese imports by 10 percentage points has nudged the US effective tariff rate down to 13.4% from 14.6%. This supports our view that the tariff-related drag on US activity and inflation is nearing its peak for the year. While a possible Supreme Court ruling could reduce tariffs further, the likelihood of sustained relief remains limited given alternative legal avenues available to reimpose tariffs.
Find Out More
Post
Tariffs take a toll despite easing trade hostilities
Global tradeflows remain under pressure despite easing tariff tensions. Recent US–China agreements reduce select import taxes and support China’s 2026 outlook, yet US imports continue to fall and supply chains pivot toward Asia and Europe. Containerised trade is set to expand, while bulk shipments soften alongside weaker industrial demand.
Find Out More
