The international recovery has continued at a moderate pace over the summer. Overall, the recovery in industrialised countries has been faster than expected just over a year ago. Back then, the general expectation was almost zero growth in the euro area and very weak growth in the USA.
The Danish economy is recovering after the international economic recession. Economic growth is returning, and compared to other countries the unemployment rate is still low in Denmark – and lower than previously expected.
In May 2010 the Danish government and the Danish People's Party agreed on measures to consolidate public finances towards 2013.
The Danish economy has been expanding since the summer of 2009 after the sharp setback that followed the international financial crisis.
The Danish economy was hit by the international economic recession in 2008 causing significant reductions in production and employment.
The Danish economy is expanding after the sharp setback until the summer of 2009 that followed the international financial crisis.
Today Denmark has submitted its Convergence Programme 2009 to the EU. The Convergence Programme is prepared in accordance with the provisions of the EU’s Stability and Growth Pact.
Danish economy is still affected by the international economic recession in 2010, but an economic recovery seems to be on its way, cf. Economic Survey, May 2010.