Denmark Economic Forecast

Denmark Economic Outlook

May 29, 2018

Recent data suggests that the economy is performing relatively well in the first half of the year. While the manufacturing PMI and consumer confidence were strong throughout the first quarter, business confidence and exports deteriorated. Moreover, a strong base effect will likely prompt the economy to contract in annual terms in Q1. Moving into the second quarter, business confidence in April reached its best reading so far this year, and consumer confidence in May jumped to a near one-year high on solid labor market dynamics and muted inflation. On the political scene, Danish Prime Minister Lars Lokke Rasmussen reshuffled his cabinet after two ministers resigned on 1 May. The resignation of the ministers has been interpreted by political analysts as internal party maneuvering to prepare for upcoming general elections due next year.

Denmark Economic Growth

The economy is expected to grow at a broadly stable pace this year and next on the back of strong growth in fixed investment and buoyant activity in the construction sector. Private consumption is expected to expand at a healthy pace due to declining unemployment. Met the why particular panelists expect GDP to increase 1.7% in 2018, down 0.1 percentage points from last month’s estimate. For 2019, the panel projects growth of 1.9%.

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Denmark Facts

Bond Yield0.45-1.54 %Jun 14
Exchange Rate6.44-0.57 %Jun 14
Stock Market979-0.39 %Jun 14

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