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Denmark: a resilient economy

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  • Oscar-Erich Kuntze

Abstract

Denmark also experienced weakening economic growth last year. Real GDP expanded by only ca. 1¼%. The labour market situation also deteriorated somewhat, with average annual unemployment at 4½%. Prices increased over the year by 2.3%. In 2002 GDP will grow by about 1½%, stimulated by economic policy and the recovery of the world economy. On the labour market the situation will not change appreciably. Consumer prices will be about 1¾% above the level of 2001. In 2003 the upswing will continue at about the same pace, with economic growth increasing by 2¼%. On the labour market the situation will improve, and employment will increase again clearly. Inflation will stand at nearly 2%.

Suggested Citation

  • Oscar-Erich Kuntze, 2002. "Denmark: a resilient economy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(02), pages 25-31, January.
    • Handle: RePEc:ces:ifosdt:v:55:y:2002:i:02:p:25-31
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    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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