For Denmark, Danmarks Nationalbank expects growth in the coming year to be just under 2 per cent, driven by moderate increases in private consumption, business investments and exports. The outlook is still subject to considerable uncertainty. The economy is presumably more likely to underperform than to exceed expectations.
The developments on the Korean Peninsula remind us how strongly we can be influenced by uncontrollable events far from our part of the world. In Europe we have recently witnessed at close hand what the consequences can be when markets lose confidence in the ability of sovereign states to manage their own debt problems.