• Danish households have lost around DKK 400bn on the stock market and DKK 170bn on the housing market in just over a year.
• The loss on equities means that private consumption next year will be around DKK 4bn lower than would otherwise have been the case - while in 2010 it will be all of DKK 7.5bn lower. This is the equivalent of shaving half a percent off consumption next year and almost a full percent in 2010.
• Shrinking home equity will dampen consumption growth further, meaning overall consumption will be DKK 6bn (0.75%) lower next year and DKK 11bn (1.4 %) lower in 2010 than it would have been without the downturns in the equity and housing markets.
