Greenland is well-placed to weather COVID-19’s economic storm, economists say
“Greenland is a good place to be, economically and otherwise, when a global crisis unfolds.”
The fallout from the coronavirus will send Greenland into economic decline for at least a year, potentially shrinking output by as much as 7.5 percent, the government’s panel of independent advisors predicts. A quicker return to pre-lockdown economic activity would see losses halved, but that would still put the country well off the 3.8 percent growth rate Økonomisk Råd had been predicting for 2020.
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