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Danish Economics HQ – Week 25

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“When the share value falls, you should buy,” says an investment economist from Nordnet. Grim perspectives on the US economy caused the entire global share market to lose value at the start of the week (to a level that made doomsayers announce another economic meltdown), pushing many scared investors into selling. It was not a great move, considering that the stock market had almost recovered by the time of publishing. 

  • Another tip – consider investing in Danish companies. They are generally not so dependent on the global economy, have a low level of debt, and are present in industries with growth and progress. 

23 municipalities are spending 50 million DKK a year to support sports talent development. Football, handball, badminton, and swimming are the priority sports. 

The shipping giant Maersk reported a profit of 7.2 billion DKK for the first six months of the year. The Houthi attacks on cargo ships in the Suez Canal have forced many shipping companies to re-route around South Africa, making the shipping price skyrocket, which led to a bigger profit than expected for the company. 

Focus

What is the value of your education? The economic-political think tank Arbejderbevægelsens Erhvervsråd (AE) presented an analysis where you can see how much a person is expected to earn in a certain profession over a lifetime. They used what a worker without higher education can expect to earn over their lifetime (13.6 million DKK) as the baseline.  

  • The top five most valuable educations are: medicine (18.8 million DKK more than unskilled work), biotech (18.1 million DKK), pharmacy/dentistry (15 million DKK), leadership (15 million DKK), and law (14.6 million DKK). 

  • The less well-paid educations are: arts (0.4 million DKK), assistant pedagogue (1.4 million DKK), graphic design (1.7 million DKK), university bachelor (1.7 million DKK), and culinary (2.1 million DKK). 

A record number of people are looking at private pensions: More people (especially young people under 35) are paying extra in pension contributions. In fact, 41.6% more are paying for private pensions compared to five years ago. You can read our guide about pensions in Denmark here

    Narcis George Matache
    Narcis George Matachehttp://www.narcis.dk
    Executive Editor and Founder of "Last Week in Denmark".

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