The fallout from the Russia-Ukraine conflict and a brief but sharp hit from the Omicron outbreak have prompted us to cut our 2022 mainland GDP growth...
Rory Fennessy
Recent Posts
Denmark | High inflation becomes main downside risk to our 2022 outlook
Posted by Rory Fennessy on Feb 18, 2022
GDP surprised to the upside in Q4 2021 with 1.1% q/q growth, according to the flash estimate. The positive carryover effect has raised our 2022 GDP...
Norway | Omicron's impact on the 2022 growth outlook appears to be mild
Posted by Rory Fennessy on Jan 28, 2022
We have lowered our mainland 2022 GDP growth forecast by 0.1ppt to 4.2% to reflect the economic impact of the Omicron outbreak at the start of the...
Denmark | Successful virus containment strategy means Omicron will not derail growth in 2022
Posted by Rory Fennessy on Jan 19, 2022
We’ve lowered our 2022 Danish GDP forecast 0.1ppt to 3%, with the Omicron variant expected to slow activity in Q1. But the economy should make up the...
Norway | Omicron weighs on near-term growth outlook
Posted by Rory Fennessy on Dec 21, 2021
Based on the positive carryover effects from two strong months of GDP growth in August and September, we have raised our mainland GDP forecasts for...
Denmark | Solid growth expected despite emergence of Omicron variant
Posted by Rory Fennessy on Dec 16, 2021
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...
Nordic key themes 2022: Headwinds to dissipate
Posted by Rory Fennessy on Dec 9, 2021
The Nordic countries will exit 2021 in much better shape than when they entered it. Considerable progress on vaccine rollouts and post-reopening...
Norway | Outlook for 2022 holding firm despite inflation and Covid headwinds
Posted by Rory Fennessy on Nov 29, 2021
Our 2021 mainland GDP growth forecast remains unchanged at 3.9% after the 2.6% Q3 expansion was broadly in line with our estimate, and we continue to...
Denmark | Economy heats up as GDP surprises to the upside in Q3
Posted by Rory Fennessy on Nov 18, 2021
According to the advance estimate, Q3 GDP exceeded expectations with a 2% expansion. While this figure is subject to revision, Denmark is on course...
Norway | Forecast for 2021 downgraded slightly, but GDP will still rebound strongly in Q3
Posted by Rory Fennessy on Oct 27, 2021
We have lowered our 2021 mainland GDP growth forecast to 3.9% from 4.1% previously after a softer-than-expected expansion in July. GDP rose by 1.1%...