Nordic Countries Endangered by Crisis

DOI: 10.20542/0131-2227-2010-7-65-73

A. Volkov, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (

Abstract. In autumn 2008, the Nordic countries entered a deep economic crisis. It was caused by decrease in demand on foreign and domestic markets (especially in Denmark). Its main results were the reduction of exports, production, private consumption and investments. The unemployment increased. Interest rates and prices of houses nosedived. Public finances became adverse (except Norway). 

Keywords: Nordic countries, Sweden, Norway, Denmark, Finland, economic crisis, private consumption, investments, export, unemployment, interest rates, inflation 

Registered in System SCIENCE INDEX

For citation:
Volkov A. Nordic Countries Endangered by Crisis. World Eonomy and International Relations, 2010, No 7, pp. 65-73.

Comments (0)

No comments

Add comment






Current Issue
2023, vol. 67, No. 1
Topical Themes of the Issue:
  • Carbon Border Adjustment Mechanism of the European Union: a New Tool of Global Governance
  • Russia in American Climate Strategies
  • Latin America and NATO: Correlation Formats in the XX – the First Quarter of the XXI Century
  • Russia’s Chance to Renew Global Modernity
Submit an Article
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.