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Home > Country Profiles > Denmark

Country Profiles

Financial Outlook

The Danish government’s 2014 budget has been designed to encourage growth through modest increases in infrastructure spending and public sector investment. With the economy flatlining in 2013, when growth in GDP barely amounted to 0.2% (0.5% expected), the deficit in the budget will amount to 2% for 2014, up from 1.7% in 2013. The economy shrank 0.5% in 2012 and stagnated through the first quarter of 2013. By November, the central bank was predicting GDP growth of 0.5% for 2013, down from the 0.7% growth it had predicted in April 2013. Denmark has lost more than a dozen major banks and lenders since 2008 in the wake of the bursting of its property bubble. Consumer spending remains restrained, holding back growth. The prediction for growth in 2014 is 1.6%, with house prices set to rise by 2.5% (on top of a 3% rise in 2013). In July 2012 the Danish central bank introduced a negative deposit rate.

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Further reading on Denmark

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