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Dec 12, 2023 · The Danish economy, which has been bolstered by drugmakers like Novo Nordisk A/S, is likely to continue expanding through 2025 even as the pace is seen slowing, according to a new government...
The latest OECD Economic Survey of Denmark says that GDP growth is projected to slow to 1.2% in 2024 before picking up to 1.5% in 2025. Headline inflation is expected to decline to 2.8% in 2024 and 2.5% in 2025. Employment growth has been strong, despite the slowdown in economic activity, and recruitment difficulties persist.
The Danish economy has recovered quickly from the COVID-19 crisis. Rapid action to support firms and households contained the economic contraction to one of the mildest in Europe, while fast vaccine rollout enabled the removal of shutdown restrictions and an early reopening.
Following a robust recovery, growth has slowed and the economy has been running at two speeds. Headline inflation has fallen, but underlying price pressures remain high. While the public finances are robust with a budget surplus and low public debt, population ageing poses long-term risks to the social model, calling for efficiency gains at the ...
For the next decades the Danish economy struggled with several major so-called "balance problems": High unemployment, current account deficits, inflation, and government debt. From the 1980s economic policies have increasingly been oriented towards a long-term perspective, and gradually a series of structural reforms have solved these problems.
Figure 1.1. Denmark’s economy performed strongly after the COVID-19 shock but has slowed 16 Figure 1.2. The Danish economy has been resilient 19 Figure 1.3. The labour market has remained tight 19 Figure 1.4. Headline inflation is falling, but core inflation remains high 20 Figure 1.5. Energy prices and consumption have dropped 21 Figure 1.6.
The Danish economy has recovered quickly from the COVID-19 crisis. Rapid action to support firms and households contained the economic contraction to one of the mildest in Europe, while fast vaccine rollout enabled the removal of shutdown restrictions and an early reopening.
