The Danish economy is clearly recovering after several years of weak growth. The improvement in the Danish economy is evident in the labour market where 22,000 more persons have become employed over the past year. These are among the main messages in the Economic Survey, May 2014
Budget Outlook 1, May 2014, presents a status of fiscal policy and central and general government finances.
The government’s reforms and initiatives increase the opportunities for growth and strengthens employment and business conditions. The Danish National Reform Programme for 2014 outlines the government’s reform strategy and follows up on country specific EU recommendations.
The recovery of the Danish economy has gained momentum after several years of weak growth. Growth is supported by a responsible fiscal policy, the fiscal framework has been strengthened, and Denmark is expected to meet the EU recommendation to reduce the public deficit to below three percent of GDP. These are among the main messages in Denmark’s Convergence Programme 2014.
The recovery of the Danish economy has gained momentum during 2013. It is not going fast, but the improvement is becoming more and more apparent. Over the past year both production, employment, and business confidence has increased throughout large parts of the Danish corporate sector, where gross value added is now approaching the level from before the downturn in 2008-09.
Budget Outlook 3, August 2013, presents a status of fiscal policy and central and general government finances.
Optimism and belief in progress is spreading both in Denmark and abroad, cf. figure 1.1. This points to higher demand in the times ahead, both from Danish consumers and businesses and from abroad. This strengthens the possibility of a turnaround in the Danish economy in the second half of 2013. The timing and strength of the turnaround will largely depend on developments abroad.
Budget Outlook 2, August 2013, presents a status of the general and central government finances.
As the economies abroad improve, the Danish economy is expected slowly to gain more strength in 2013. An annual growth rate in GDP of 0.5 per cent this year and 1.6 per cent next year is expected. Agreements on Growth Plan DK strengthen the growth prospects.
Budget Outlook 1, May 2013, presents a status of the general and central government finances.