Publications

The Danish economy has regained some of its international competitiveness due to structural reforms that addressed the issue of high labour costs.

A potential downside risk to the economic performance could be the high household debt in case of sharp house price decreases and interest rate increases.

In 2019 the number of Belgian business insolvencies will still be higher than the levels seen before the start of the global credit crisis in 2008.

The Irish economy is expected to grow by about 2.5% in 2019, but remains exposed to ongoing economic uncertainties stemming from the Brexit decision.

Household consumption is sustained by rising employment, higher wages and low interest rates, while lower financing costs support business investments.

In 2019 Dutch export performance is impacted by lower demand from France and Germany, the ongoing Brexit issue and increased global trade uncertainty.

Due to economic stagnation, political uncertainty and tighter credit conditions business insolvencies are forecast to increase by more than 5% in 2019.

British business insolvencies are expected to increase by more than 5% in 2019, mainly affecting businesses active in the construction and retail sectors.

With more than 55,000 business failures expected in 2019, the number of insolvencies will still be as high as during the start of the 2008 credit crisis.

After several years of annual decreases, German business insolvencies are expected to increase again in 2019 as the economic expansion slows down.