COPENHAGEN: Danske Bank released a Nordic outlook report that indicates that the Danish economy is performing better than that of its Scandinavian neighbours.
Danske Bank argues that falling oil prices and deflation could affect Scandinavian economies which previously managed to weather the storm of the global banking crisis much better than many of their European neighbours.
The Nordic countries have been looking strong in recent years, with economic and financial crisis in much of Europe. However, after years of robust growth, the shine seems to be wearing a bit off, said economists led by Steen Bocian in a report from the Danish bank.
