The financial turmoil caused by the international debt crisis has continued during recent months, and the IMF, OECD and the European Commission have reduced their growth forecasts considerably.
This paper provides an assessment of the net wealth position of Danish households.
Update on economic outlook and amended budget proposal, November 2011.
Over the last few months, economies around the world as well as in Denmark have lost momentum. And financial markets have been in turmoil. The Danish government is of the view that the risk of a more pronounced setback has increased.
The Danish economy is recovering after the international economic recession, and the unemployment rate has been declining since the summer of 2010.
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.