Yet employers are far from giving general raises even close to that. Wonder who is pocketing the difference…
5% doesn’t sound all that bad when looking at Turkey as of late.
5% inflation rate in Denmark has not happened since the early 1980’s when the Danish solution to this problem was pegging the currency to the D-Mark.
Forecast of inflation is a guessing game at the moment, but if the euro zone hits 5% rates and Denmark is 1-3% lower than that, this will put some strain on the current peg to the euro. Few options for fiddling with the currency, so other measures to “correct” this currency imbalance might be used. (Negative interest rates increasing is one option, but the Danish National Bank director will look very hard at the political leaders and ask for reforms instead)
Its gonna get worse if we don’t get our heads out of our asses. EU governments are currently doing NOTHING about the oncoming financial + energy crisis and are virtually only dealing with vaccination. Its gonna get way, way, way worse by summer’s end
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Yet employers are far from giving general raises even close to that. Wonder who is pocketing the difference…
5% doesn’t sound all that bad when looking at Turkey as of late.
5% inflation rate in Denmark has not happened since the early 1980’s when the Danish solution to this problem was pegging the currency to the D-Mark.
Forecast of inflation is a guessing game at the moment, but if the euro zone hits 5% rates and Denmark is 1-3% lower than that, this will put some strain on the current peg to the euro. Few options for fiddling with the currency, so other measures to “correct” this currency imbalance might be used. (Negative interest rates increasing is one option, but the Danish National Bank director will look very hard at the political leaders and ask for reforms instead)
Its gonna get worse if we don’t get our heads out of our asses. EU governments are currently doing NOTHING about the oncoming financial + energy crisis and are virtually only dealing with vaccination. Its gonna get way, way, way worse by summer’s end