China stands out with its large population (almost 20% of world population) – which means, of course, that the country’s workforce is enormous. Chart 2: GDP per capita in 2010  Source: OeNB calculations based on IMF data. Note: Figures in purchasing power standards. CESEE-10 figures are GDP-weighted averages.
It is stated in line with Danmarks Nationalbank that even if the economy has become more flexible there is still a considerable risk of overheating. Such overheating will, as stated, lead to significantly higher wage increases, and thereby an extended period of low growth. On this basis Danmarks Nationalbank has recommended that demand be curtailed.