Decreasing North Sea oil output is reducing overall production these years. If this factor is disregarded, value added in the Danish economy is now 2 per cent higher than in 2012 – and rising. The increase in activity has also been reflected in the labour market, where employment has been picking up over the last year or so.
For instance, if the objective is to maintain the soundness of a specific financial institution, the trigger would probably be the losses of that institution. If the objective is to prevent systemic risk, the trigger would be the total losses of all financial institutions enrolled in the system.