Denmark | Vaccination has limited the Delta variant to a downside risk
The flash release estimates that GDP expanded 2.2% in Q2, slightly better than our 2.1% estimate, pushing the Danish economy above its pre-pandemic level. We have therefore raised our 2021 GDP growth forecast by 0.1ppt to 3.2%, which will be followed by 3.4% expansion in 2022.
What you will learn:
- Growth this summer should be supported by a partial rotation back into spending on services and buoyant retail activity as consumers continue to unwind excess savings accumulated during the pandemic.
- The Delta variant remains the key downside risk. But Covid cases remain contained so far
- Goods inflation remains elevated, but services inflation fell back.
- Our forecasts up to 2024 for all of the key economic indicators including GDP, Consumer demand, exports of goods and services, Domestic demand
Tags:
Related Services
Post
The Green Leap ‒ Dismayed battlelines drawn at COP29
The 29th Conference of the Parties (COP29) concluded with the announcement of a new core climate finance target to assist developing nations. Although a step in the right direction, this target for funding from wealthy nations to the developing world was slammed by many as insufficient to cover the substantial costs associated with climate mitigation and adaptation efforts in the developing world.
Find Out More
Post
France on the brink drives spreads to crisis highs
The spread between French and German government bonds has reached its highest level since the height of the eurozone sovereign debt crisis in 2012, as Prime Minister Michel Barnier's government appears increasingly likely to be toppled over the 2025 budget.
Find Out More