Denmark Economic Outlook
September 27, 2016Denmark’s economy expanded for a second consecutive quarter in Q2, but growth remained tepid with GDP increasing 0.5% quarter-on-quarter (Q1: +0.7% qoq). The key external sector and public spending supported growth, while weaker household spending and fixed investment drove the deceleration. Subdued business and consumer confidence readings for August and September, respectively, suggest that sluggishness continued in Q3. Prime Minister Lars Locke Rasmussen from the Liberal Party presented a 10-year economic plan in August, which envisages tax cuts and several other measures to revive the economy. Yet it is very uncertain whether the plan will be approved as there is strong disagreement about the proposed tax cuts among the parties which support Rasmussen’s minority government, the Liberal Alliance and the Danish People’s Party. Tensions among the parties heightened in September, increasing the risk of a collapse in government.
Denmark Economy Data
5 years of Denmark economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.16||14.27 %||Oct 24|
|Exchange Rate||6.84||0.03 %||Oct 24|
|Stock Market||923||-0.10 %||Oct 24|
Denmark Economic Growth
September 27, 2016This year, Denmark’s economy will likely fail to pick up from a lengthy period of lukewarm growth. The fallout from the Brexit vote increased downside risks to the economy. Our panelists expect GDP to expand 1.0% in 2016, which is down 0.1 percentage points from last month’s estimate. In 2017, panelists see growth picking up to 1.6%.
Denmark Economic News
October 21, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in October, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from September’s 1.8 points to 1.2 points. October’s drop reflected that consumers were more downbeat about Denmark’s economic outlook in one year than they were in September and that their families’ financial situation had deteriorated compared to a year ago.
October 10, 2016
In September, consumer prices were flat on a monthly basis, which came in above August’s 0.3% decrease.
September 30, 2016
In the second quarter, GDP expanded a revised seasonally-adjusted 0.4% over the previous quarter (previously reported: +0.5% quarter-on-quarter), according to data released by Statistics Denmark (DST) on 30 September.
September 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in September, which marked a deterioration since the previous month’s minus 7 points.
September 22, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in September, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from August’s 4.8 points to 1.8 points. September’s deterioration reflected that consumers assessed Denmark’s economic outlook in one year as well as the country’s current economic situation worse than in August.