Market Report 2022

Colliers Market Report 2022

112

Renewed GDP growth after short-lived slump due to COVID-19 restrictions

Consumer spending expected to return to normal after summer spending spurt

0% 2% 4% 6% 8%

0% 2% 4% 6% 8%

-10% -8% -6% -4% -2%

-10% -8% -6% -4% -2%

13 14 15 16 17 18 19 Eurozone Denmark

E22 E21 E20

13 14 15 16 17 18 19 20 Eurozone Denmark

E22 E21

Note : Growth in consumer spending (y/y) Source : Eurostat, Statistics Denmark, Danske Bank

Note : Growth in real GDP (y/y). Source : Eurostat, Statistics Denmark, Danske Bank

Danish unemployment rate bouncing back to pre-coronacrisis level

Interest rates remain low, but prospects of rate hikes in 2022

5%

10% 12% 14%

4%

3%

0% 2% 4% 6% 8%

2%

1%

0%

-1%

13

14

15

16

17

18

19

20

21

13

14

15

16

17

18

19

E22 E21 E20

Eurozone (3M) Denmark (3M)

Eurozone (10-year gov. bond) Denmark (10-year gov. bond)

Denmark

Eurozone

Source : Eurostat, Statistics Denmark, Danske Bank

Note : Short-term interest rates (CIBOR, 3M) and 10-year gov. bond yields. Source : Eurostat, ECB, Nasdaq OMX Nordic