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.
The Ministry of Finance has published the December 2009 edition of its Economic Survey.
The Danish economy is still affected by the international economic recession in the wake of the financial crisis last fall.
The purpose of the National Reform Programme and the annual progress reports is to unfold the reform measures that Denmark is implementing in order to fulfil the overall targets of the Lisbon Strategy for Employment and Growth.
In light of the international financial crisis Danish economy has through the last year shifted from a situation characterised by historically low unemployment rates and labour market pressure to decreasing demand and increasing unemployment – although the unemployment is still relatively low, cf. Economic Survey, August 2009.
The Danish economy is affected by the international financial crisis and the following weak cyclical conditions, cf. Economic Survey, May 2009. The unemployment is rising and the general government finances are weakened.
In recent years the Danish economy has been characterised by high growth, increasing employment and a sharp decline in unemployment. The strong cyclical position of the economy has strengthened the public finances, and the large surpluses in these years have contributed to a substantial reduction of the debt.