Nordic Countries Endangered by Crisis

353
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

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 


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For citation:
Volkov A. Nordic Countries Endangered by Crisis. World Eonomy and International Relations, 2010, no. 7, pp. 65-73. https://doi.org/10.20542/0131-2227-2010-7-65-73



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