Back to Resource Hub
Research Briefing | Sep 17, 2021

Denmark | Strong consumer spending should power the recovery

Ipad Frame-Denmark-Strong-consumer-spending-should-power-the-recovery

We’ve raised our 2021 GDP growth forecast by 0.2ppts to 3.4%, following the full release of the Q2 national accounts. While the consumer rebound fell short of expectations, strong wage growth and an unwinding of excess savings should power economic growth in H2.

What you will learn:

  • Manufacturing contributed negatively to growth in Q2 as firms continue to see extended delivery times amid the global supply-chain disruption.
  • With Covid cases under control and vaccine coverage high, strong consumer demand should power growth.
  • Inflation in August reached 1.8%, a nine-year high.

Back to Resource Hub

Related Services

Post

UK: Key themes 2026 – Sluggish growth and fiscal worries

We think 2026 will be another challenging year for the UK economy – our GDP growth forecast of 1% is at the bottom of the consensus. Four themes will be key to the outlook, in our view.

Find Out More

Post

Nordics: Key themes 2026 – Bright spots emerging

We forecast growth across the Nordic economies to diverge somewhat next year but share the same underlying drivers.

Find Out More
[autopilot_shortcode]