Branschrapport:
PUBLIC SECTOR – INBRIEF ANALYSIS – SWEDEN, NORWAY, DENMARK

Branschrapport: PUBLIC SECTOR – INBRIEF ANALYSIS – SWEDEN, NORWAY, DENMARK

DENMARK: The favorable GDP development in 2017 (+2.2%) is projected to continue with growth close to 2% in 2018 and 2019, supported by accelerating private consumption and an improved external environment. While rising labor force participation will partly help to meet rapidly growing labor demand, wage and price inflation are expected to rise in areas where demand still significantly exceeds supply and thus labor shortages will increase. This will result in increased tax income which is good news for SITSI vendors.

NORWAY: The sharp drop in oil prices that began in mid-2014 has had harsh ramifications for the Norwegian economy as a whole (low GDP growth, weakened exchange rates, etc.). However, Norway has used its large economic fund to assist economic recovery and counterbalance the weaker economic activity in the country over the past few years. Especially infrastructure and housing projects have been favored by the current situation.

SWEDEN: The Swedish public sector accounts for a large share of the national economic activity. It is the thirdlargest sector in terms of value added to GDP, behind the services industry and manufacturing. This aspect, coupled with the fact that the public sector greatly differs from country to country and is thus not as suited for packaged applications as other sectors, means that the public sector is now the second-largest vertical sector in terms of IT services investment, just after manufacturing.

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