Monday, June 17, 2024
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The state of economy

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According to economists, the Danish economy is in a transition period that can lead to either better times or really bad times. It became hard to predict what’s coming next. 

  • If you look at the record-high employment, shortage of workers, the high demand, the average 4% salary increases and the large amount of money sitting in the personal accounts of the people in Denmark – then we are doing really well. 
  • If you look at the record-high inflation, falling GDP that leads towards recession and rising interest rates – then we aren’t doing so well. It’s a matter of perspective. 
  • The sad part is that the economy needs to cool down to bring the inflation back to normal. This also means that unemployment will rise again. Some people need to pay the price so that we all pay a smaller price when we go grocery shopping. 
  • In layman’s terms, we need to buy less of everything. Avoid big investments that f.ex. require huge amounts of construction materials.
Narcis George Matache
Narcis George Matachehttp://www.narcis.dk
Executive Editor and Founder of "Last Week in Denmark".

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