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ECONOMY

Danish economic growth to take hold this year: DI

There are blue skies ahead for the Danish economy according to the Confederation of Danish Industry, which calls for thousands of new jobs and more money in consumers' pockets.

Danish economic growth to take hold this year: DI
Thousands of new jobs and economic growth coming this year and next, the Confederation of Danish Industry says. Photo: Simon Skipper/Scanpix
The Confederation of Danish Industry (DI) released an economic prognosis Friday that calls for “significantly better developments” over the next two years. 
 
“This year and next year, the outlook is for more normal growth rates in the Danish economy at about 1.5 percent. With that, we expect significantly better developments that we have had in a long time,” DI’s prognosis states. 
 
 
DI predicts the creation of 32,000 new jobs in the private sector, with the number of unemployed dropping by 10,000 this year and even more in 2016. 
 
By the end of 2016, DI predicts that the national unemployment rate will be down to 3.9 percent. 
 
Consumers, meanwhile, will continue to benefit from the low interest rates that have led to a rash of ‘super loans’ and falling oil prices that earlier this month led to the first drop in Danish consumer prices since 1954.
 
“There is a tailwind for consumer spending from all directions at the outset of the present year. Real wages are strongly increasing as a result of falling consumer prices, employment continues to increase and interest rates are at all-time lows,” DI writes. 

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SAS

‘We agree to disagree’: Still no progress in marathon SAS strike talks

By lunchtime on Friday, talks between the Scandinavian airline SAS and unions representing striking pilots were still stuck on "difficult issues".

'We agree to disagree': Still no progress in marathon SAS strike talks

“We agree that we disagree,” Roger Klokset, from the Norwegian pilots’ union, said at lunchtime outside the headquarters of the Confederation of Swedish Enterprise in Stockholm, where talks are taking place. “We are still working to find a solution, and so long as there is still some point in continuing negotiations, we will do that.” 

Mats Ruland, a mediator for the Norwegian government, said that there were “still several difficult issues which need to be solved”. 

At 1pm on Friday, the two sides took a short break from the talks for lunch, after starting at 9am. On Thursday, they negotiated for 15 hours, breaking off at 1am on Friday morning. 

READ ALSO: What’s the latest on the SAS plane strike?

Marianne Hernæs, SAS’s negotiator on Friday told journalists she was tired after sitting at the negotiating table long into the night. 

“We need to find a model where we can meet in the middle and which can ensure that we pull in the income that we are dependent on,” she said. 

Klokset said that there was “a good atmosphere” in the talks, and that the unions were sticking together to represent their members.

“I think we’ve been extremely flexible so far. It’s ‘out of this world’,’ said Henrik Thyregod, with the Danish pilots’ union. 

“This could have been solved back in December if SAS had not made unreasonable demands on the pilots,” Klokset added. 

The strike, which is now in its 12th day, has cost SAS up to 130m kronor a day, with 2,550 flights cancelled by Thursday, affecting 270,000 passengers. 

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