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

Chartbook: In search of Europe’s next logistics star city

Transport & storage GVA will more than double in Europe’s major cities between now and 2050.

Find Out More

Post

European CRE virtual roundtable – Top questions we received

In our recent virtual roundtable event for commercial real estate, we discussed our expectation for eurozone interest rate cuts in H2, starting this month, despite the recent uptick in inflation and negotiated wage data.

Find Out More