Denmark: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark PDF Download
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Author: International Monetary Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 74
Book Description
The strength of the economic recovery bodes well for the rebound in activity to persist, but uncertainty remains high due to the war in Ukraine and the pandemic, with risks tilted to the downside. With employment above pre-pandemic levels, however, labor market pressures have increased. High energy prices have propelled inflation to a historic high. The current account remains elevated. High household debt constitutes a key source of risk as house price growth remains strong.
Author: International Monetary Publisher: International Monetary Fund ISBN: 1513573217 Category : Business & Economics Languages : en Pages : 84
Book Description
Denmark entered the pandemic on a strong economic footing and utilized its large policy space built over time to successfully address the crisis and lay the ground for a strong recovery. The outlook is for a rebound in activity, but uncertainty remains elevated with risks tilted to the downside. Macrofinancial vulnerabilities persist as housing price growth has accelerated and household debt remains high. The current account declined but remains in surplus.
Author: International Monetary Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 74
Book Description
The strength of the economic recovery bodes well for the rebound in activity to persist, but uncertainty remains high due to the war in Ukraine and the pandemic, with risks tilted to the downside. With employment above pre-pandemic levels, however, labor market pressures have increased. High energy prices have propelled inflation to a historic high. The current account remains elevated. High household debt constitutes a key source of risk as house price growth remains strong.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451811101 Category : Business & Economics Languages : en Pages : 50
Book Description
Denmark showed strong performance owing to its stability-oriented policies, high growth rates, and low unemployment. Executive Directors noted that the Danish flexicurity model has worked well, and stressed the need for prudent fiscal policies. Executive Directors welcomed the outcome of the Financial Sector Assessment Program (FSAP), which found the Danish financial system to be healthy and well supervised. They underscored the importance of strengthening the budget, its stress-testing capacity and cross-border supervision, welcomed the fixed-exchange rate policy, and agreed that with the Welfare Agreement, the Danish economy can face future challenges.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: 1484312619 Category : Business & Economics Languages : en Pages : 47
Book Description
This 2014 Article IV Consultation highlights that the Danish economy is recovering slowly and unevenly. The economy contracted slightly in 2013, but it looks likely to accelerate modestly in 2014. Growth is held down by a trend decline in North Sea oil and gas production as well as exports to euro-area partners. At the same time, private domestic demand and non-oil exports are supporting growth. The recovery is likely to continue but remain fragile. Annual growth is estimated at 0.7 percent in 2014, projected to increase to 1.4 percent in 2015, and trend to slightly above 2 percent thereafter.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: 1484362438 Category : Business & Economics Languages : en Pages : 53
Book Description
This 2018 Article IV Consultation highlights that the Danish economy continues to enjoy solid growth. The output gap has seemingly closed for the first time since the global financial crisis. Unemployment is low and close to its estimated structural level with signs of labor shortages and capacity constraints in some sectors. Inflation remains subdued. Property prices in urban areas are rising swiftly and household debt remains elevated despite recent deleveraging. The increasingly binding constraints highlight Denmarkâs reduced growth potential, reflecting structurally weak productivity growth and the post-crisis investment slowdown. The outlook is for continued robust growth, which is projected to exceed its trend in the near term, reaching 2.0 percent in 2018 and 1.9 in 2019.
Author: International Monetary Fund. European Dept. Publisher: International Monetary Fund ISBN: Category : Languages : en Pages : 74
Book Description
Denmark has demonstrated remarkable resilience in the face of the energy crisis, high inflation, and tighter financial conditions. In recent years, growth has been increasingly driven by an exceptional surge in the pharmaceutical sector, while the rest of the economy has largely stagnated. Staff expect robust growth to continue in the near term, driven by pharmaceutical exports, the reopening of the Tyra natural gas field, and a gradual recovery in the non-pharmaceutical sectors. With the sharp decrease in global energy prices and lackluster domestic demand, inflation has fallen sharply. The positive outlook is, however, clouded by considerable external risks, most notably geopolitical tensions. The financial system has remained stable, although risks remain due to still-high interest rates and vulnerabilities in the commercial real estate markets.
Author: International Monetary
Author: International Monetary
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Author: International Monetary
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Author: International Monetary Fund
Author: International Monetary Fund. European Dept.
Author: Martin Fetherston
Author: International Monetary Fund. European Dept.
Author: International Monetary Fund. European Dept.