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Denmark: Gradual recovery on a sound economic foundation

Author

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  • Oscar-Erich Kuntze

Abstract

After the economic slowdown in 2001, demand and production showed lively increases in Denmark in 2002. Real GDP increased by around 1½%. On the labour market the situation remained favourable. The unemployment rate for the year was 4¼%. The cost of living increased by around 2.4%. In 2003 real GDP will expand by around 1½%. On the labour market the situation will remain unchanged, and the unemployment rate will again stand at 4¼%. Consumer price increases will average about 2¼% for the year. In 2004 GDP will expand by around 2¼%. The unemployment rate will stand at 4% and inflation will be 2% above the 2003 level.

Suggested Citation

  • Oscar-Erich Kuntze, 2003. "Denmark: Gradual recovery on a sound economic foundation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(03), pages 28-36, February.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:03:p:28-36
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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