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 growth forecast by 0.4ppts to 3.4%. All domestic restrictions were eased at the end of January, in line with our view that despite incredibly high Covid cases, the economic hit from Omicron will be mild and short-lived.
What you will learn:
Topics: Europe, Inflation, Labour markets, Coronavirus, GDP, Unemployment, Consumer, Employment, Recovery, Growth, Nordic, Pandemic, Denmark, Country Insight, Country Economic Forecast, Covid19, Energy prices, Omicron