Coronavirus temporarily lowers private consumption
Economic Memo – June 2020 – No. 7

The corona epidemic has reduced the consumption of Danish households, which will temporarily lower the consumption rate. For a prolonged period, Danish households have saved and are in general well equipped for a contraction of the Danish economy. Therefore, the consumption rate is expected to relatively quickly return to its pre-corona epidemic level. However, a longer lasting epidemic and contraction of the Danish economy can further reduce household consumption. (Memo available in Danish only)