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Nordic Countries Endangered by Crisis

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Rubric: Europe: New Realities
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 (volkov@imemo.ru) 

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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 Eсonomy and International Relations, 2010, No 7, pp. 65-73. https://doi.org/10.20542/0131-2227-2010-7-65-73

Contents World Eсonomy and International Relations. 2010, No 7

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