Towards the end of the year, however, the positive effects from the lifting of the coronavirus mitigation measures tailed off. In addition, the global economy slowed down further. This put a damper on export demand. And, in particular, uncertainty surrounding energy supply and its costs weighed heavily on enterprises and households.
And the risk premium falls if the capital is increased, which means that the entrepreneurial risk is spread over more capital. There is no way around the fact that the risk premium and the required return on capital should go down if the capital share goes up.