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Denmark

Key Indicators

Monetary Policy Instrument
Discount Rate, Percent - Denmark
0.75, 0.75, 0.75, 0.75, 0.93 0.93
Unemployment Rate
%, SA - Denmark
4.1, 4.2, 4.1, 4.1, 4.2 4.2
CPI
Total, 2000=100 - Denmark
123.3, 123.4, 124.9, 125.6, 126.1 126.1
Consumer Confidence Indicator
Overall - Denmark
-0.7, 3.3, -0.5, -0.8, 2 2
Gross domestic product at market prices
Mil of euro (chained 2000 prices), Real, SA, WDA - Denmark
45918.3, 46230.6, 47032.9, 46663.8, 46625.9 46,625.9
data by Factset

Denmark: 2011 Outlook

Despite robust growth in 2010, RGE still expect Denmark’s recovery to be gradual with a slowdown in the pace of growth in 2011. The Danish economy will face headwinds from slower export growth, fiscal tightening and a weaker growth contribution from inventory build-up. While fixed investment will return to growth in 2011, household spending will slow. Fiscal consolidation will begin in 2011 and there is a need for large cuts in the coming years to keep public finances on a sustainable path. Monetary policy remains dependent on eurozone interest rates. 

Read the 2011 Global Economic Outlook.

 

Economic Research

Europe Weekly

Greek Debt; Volatile Turkish Inflation; Fragile Irish Growth; Russia's Weak Fixed Investment; Poland's Shale Gas Bonanza; Denmark's Bank Woes

By Mikko Forss, William Oman, Elisa Parisi-Capone, David Rogovic, Oritse J. Uku and Jelena Vukotic Jul 8, 2011

Europe Weekly

Regional Growth Dynamics—Eurozone, UK, Nordics, Turkey

By Elisa Parisi-Capone, Parul Walia, Mikko Forss and David Rogovic Jun 10, 2011

Europe Weekly

Italian Politics; Danish Recession; Czech PMI; Swiss Currency Strength

By Mark Willis, Mikko Forss, Jelena Vukotic, James Mason and Sehaj Malik Jun 3, 2011

Economic Research

Scandinavia: Core Inflation Under Control

By Mikko Forss Mar 11, 2011

Europe Weekly

ECB Rate Path; Turkish Imbalances; UK Labor Market

By Elisa Parisi-Capone, David Rogovic, Parul Walia, Mikko Forss and Mark Willis Feb 25, 2011

Economic Research

Nordics: Fighting the Bubbles

By Mikko Forss Feb 4, 2011

Europe Weekly

Irish Bank Debt; EZ and CE Growth; Nordic Exports

By James Mason, David Rogovic, Mikko Forss and Elisa Parisi-Capone Jan 7, 2011

Economic Research

Nordics: 2011 Will Bring Slower Growth in Export Markets

By Mikko Forss Jan 7, 2011

Global Economic Outlook

Global Overview: 2011 Outlook

By Christian Menegatti, Nouriel Roubini and the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

Nordics: 2011 Outlook

By Mikko Forss Dec 7, 2010

Global Economic Outlook

Denmark: 2011 Outlook

By Mikko Forss Dec 7, 2010

Global Economic Outlook

Macro Forecasts: 2011 Outlook

By the RGE Macroeconomics Team Dec 7, 2010

Europe Weekly

Monetary Policy in Denmark and UK; German Exports; Turkish Bank Lending

By Parul Walia, David Rogovic, Katharina Jungen, Mikko Forss and James Mason Oct 22, 2010

Economic Research

Denmark: Entering the Tightening Cycle

By Mikko Forss Oct 22, 2010

Global Economic Outlook

Global Overview: September 2010 Outlook Update

By Nouriel Roubini, Christian Menegatti and the RGE Macroeconomic Team Sep 10, 2010

Global Economic Outlook

Nordics: September 2010 Outlook Update

By Mikko Forss Sep 10, 2010

Global Economic Outlook

Denmark: September 2010 Outlook Update

By Mikko Forss Sep 10, 2010

Europe Weekly

Periphery Bank Borrowings; German H2 Preview; Romania's IMF Loan Risk

By Elisa Parisi-Capone, Katharina Jungen, Mikko Forss, Jelena Vukotic and Parul Walia Aug 27, 2010

Economic Research

Europe Weekly Spotlight: UK and German Inflation; Turkish Monetary Policy; Nordic PMIs

By RGE’s Europe Analyst Team Aug 20, 2010

Economic Research

Europe Weekly Spotlight: EZ Corporate Credit Conditions; Inflation Risks in Russia

By Elisa Parisi-Capone, Katharina Jungen, Rachel Ziemba, David Rogovic, Mikko Forss and Jelena Vukotic Jul 30, 2010

Economic Research

Europe Weekly Spotlight: Germany Peaks; Slovakia Relents; UK House Price Indexes Diverge

By Katharina Jungen, Jelena Vukotic, Mary Stokes, Elisa Parisi-Capone, Mikko Forss and Parul Walia Jul 16, 2010

Global Economic Outlook

Nordics: Q3 2010 Outlook

By Mikko Forss Jul 10, 2010

Global Economic Outlook

Denmark: Q3 2010 Outlook

By Mikko Forss Jul 10, 2010

Economic Research

Europe Weekly Spotlight: Multi-Speed Eurozone Recovery; Strong UK Gilts; Confident Nordics

By Elisa Parisi-Capone, Parul Walia, Eric Persson, Mary Stokes, Jelena Vukotic and David Rogovic Jul 9, 2010

Economic Research

Danish Mortgage Bonds in Danger

By Mikko Forss Jul 7, 2010

Global Economic Outlook

Denmark: Q2 2010 Outlook

By Mikko Forss Apr 12, 2010

Global Economic Outlook

Denmark: Q1 2010 Outlook

By Mikko Forss Jan 30, 2010

Economic Research

Denmark Economic Outlook, Q4 2009

By Mary Stokes Oct 7, 2009

Economic Research

Denmark Economic Outlook, Q3 2009

By Mary Stokes Jul 24, 2009

EconoMonitors

Don't Shoot the Messenger

Serious Problems Emerge for the F-UK-De Group of Countries

Edward Hugh Mar 16, 2010

Finance & Markets Channel

The Swedish Banking Crisis Response or the Bailout Hustle?

Edward Harrison Feb 22, 2010

Daily Digest

Analysis

Election 2011: Centre-Left Opposition Takes Power in Denmark

IHS Global Insight  Sep 16, 2011

News

New Danish leader juggles far-left with centre

Reuters  Jeremy Gaunt and Anna Ringstrom Sep 16, 2011

Analysis

Heading towards a change of government in Denmark

Analys Norden  Thomas Larsen Sep 14, 2011

Analysis

Weekly Focus: Another week with the focus on Greece

Danske Bank  Allan von Mehren and Steen Bocian Sep 09, 2011

News

Danish July industrial output up 3.3 pct m/m

Reuters  John Acher Sep 07, 2011

News

Denmark agrees adjustments to bank aid package

Reuters  Erik Matzen Sep 07, 2011

News

Danish PM: euro vote won't be on govt programme

Reuters  Jakob Vesterager Sep 08, 2011

News

Danish Mortgage Group in Warning Against Liquidity Curbs During the Crisis

Bloomberg  Christian Wienberg Sep 09, 2011

News

Danish Mortgage Bond Demand Pushes Rate to New Low, Nordea Says

Bloomberg  Frances Schwartzkopff Sep 08, 2011

News

Denmark Approves Bank Rescue Package to Repair Bail-In Damage

Bloomberg  Christian Wienberg Sep 07, 2011

Analysis

Denmark: An election coloured by crisis

Nordic Labour Journal  Marie Preisler Sep 07, 2011

Analysis

New independent Danish rate cut in the pipeline

Danske Bank  Arne Lohmann Rasmussen Sep 05, 2011

News

Danish Banks Abused Loopholes When Counting Losses, FSA Says

Bloomberg  Frances Schwartzkopff Aug 31, 2011

News

Denmark Opposition Beats Ruling Coalition in Poll, Boersen Says

Bloomberg  Johan Carlstrom Sep 3, 2011

Analysis

Danish economy expanding, Second Quarter 2011

Danske Bank  Steen Bocian Aug 31, 2011

Analysis

Economic Outlook August 2011: Nordic economies have peaked

Nordea  Helge J. Pedersen et al Aug 31, 2011

News

Denmark sells 18.2 bln DKK in T-bills at auction

Reuters  John Acher Aug 30, 2011

News

Danes to Go to Polls in September

Wall Street Journal  Flemming Emil Hansen Aug 30, 2011

Analysis

Nordic Outlook August 2011: Germany and Nordic countries will be affected

SEB  Robert Bergqvist et al Aug 30, 2011

Analysis

Danish Banks: SIFIs in Denmark (bank package IV)

Danske Bank  Henrik Arnt and Thomas Hovard Aug 26, 2011

News

Danish c.bank cuts rates to curb crown strength

Reuters  John Acher Aug 25, 2011

News

Denmark agrees on aid to liquidity squeezed banks

Reuters  Mette Fraende Aug 25, 2011

Analysis

Denmark: Budget Outlook, august 2011

Ministry of Finance, Denmark  Aug 24, 2011

News

Recession-hit Denmark presents stimulus plan

Financial Times  Julie Toft Aug 23, 2011

News

Danish Banks No Better Buy After Rescue Plan

Bloomberg  Christian Wienberg Aug 22, 2011

Blogs

Denmark’s New Bank Measures Will Reshape Danish Banking

The Source (WSJ)  Flemming Hansen and Gustav Sandstrom Aug 12, 2011

News

Danish Austerity Resolve Unfazed by Global Rout

Bloomberg  Frances Schwartzkopff Aug 09, 2011

News

Irish debts cloud brighter picture for Danske

Reuters  Mette Fraende Aug 09, 2011

Analysis

Monetary review, 2011 2nd Quarter

Danmarks Nationalbank  Aug 08, 2011

Analysis

Why More Danish Banks Are Likely To Fail (podcast)

Standard & Poor's  Aug 02 2011

News

Danish Government Is Forcing Liquidity Crisis on Healthy Banks, Naur Says

Bloomberg  Christian Wienberg Aug 04, 2011

News

Danish crown hits 7-mth highs on euro jitters

Reuters  John Acher Aug 01, 2011

News

S&P says 15 more Danish banks could fail

Reuters  John Acher Jul 28, 2011

News

Danish Mortgage Lending Falls to New Low, Jeopardizing Recovery

Bloomberg  Frances Schwartzkopff Jul 21, 2011

Analysis

Danish results of EU stress test 2011

Danmarks Nationalbank  Jul 15, 2011

Analysis

The North aces stress test

Danske Bank  Kristian Myrup Pedersen and Thomas Martin Hovard Jul 18, 2011

Analysis

Nordic Outlook July 2011

Danske Bank  Steen Bocian et al Jul 05, 2011

News

Denmark Says Biggest Banks Not at Risk

Bloomberg  Peter Levring Jun 30, 2011

Analysis

Danish households: better than their reputation

Danske Bank  Steen Bocian, Las Olsen and Gustav Bundgaard Smidth Jun 30, 2011

News

Denmark eyes new bank guarantees for foreign lenders

Reuters  Erik Matzen Jun 29, 2011

Analysis

Danish economy Q2 2011: Parking brake still pulled

Jyske Bank  Niels Rønholt Jun 28, 2011

News

Denmark Takes Over Second Bank to Trigger Bail-In Resolution

Bloomberg  Christian Wienberg Jun 27, 2011

Analysis

Denmark: Opposition to EMU hits all-time high

Danske Bank  Steen Bocian Jun 21, 2011

Blogs

Wanted: International Buyers of Danish Mortgage Bonds

Alpha.Sources  Claus Vistesen Jun 24, 2011

News

Basel Rules Force Nykredit to Seek China, Mideast Investors

Bloomberg  Tasneem Brogger and Peter Levring Jun 23, 2011

Analysis

Denmark: A Thursday independent rate hike looks premature

Danske Bank  Arne Lohmann Rasmussen and Kasper Kirkegaard Jun 22, 2011

News

Danish Central Bank Opens Door to CoCos to Meet Basel Rules

Bloomberg  Tasneem Brogger and Adam Ewing Jun 21, 2011

News

Danish bank raises spectre of senior haircuts

Financial Times  Tracy Alloway Jun 07, 2011

Analysis

Denmark - Economic forecast n.89 summary

OECD  May 25, 2011

Analysis

Danmarks Nationalbank's comments on The Economic Council, spring 2011

Danmarks Nationalbank  Jun 01, 2011

News

Denmark Unexpectedly in Recession, Joins Portugal in Europe

Bloomberg  Christian Wienberg May 31, 2011

Analysis

Denmark: Financial stability 2011

Danmarks Nationalbank  May 26, 2011

News

Moody’s downgrades seven Danish banks

Financial Times  Clare MacCarthy May 19, 2011

Analysis

Economic Outlook May 2011: Nordic Strength

Nordea  Helge J. Pedersen et al May 18, 2011

Analysis

Nordic Outlook May 2011

SEB  Robert Bergqvist et al May 17, 2011

Analysis

Denmark: A gradual and moderate recovery

European Commission  May 13, 2011

News

Danish govt clinches reform deal, elections eyed

Reuters  John Acher and Erik Matzen May 13, 2011

News

Denmark Plans to Reinstate Guards at Borders

Wall Street Journal  John W. Miller May 12, 2011

News

Danish parties agree on tougher border controls

Reuters  John Acher, Erik Matzen and Mette Fraende May 11, 2011

News

Arctic nations eye future of world's last frontier

Reuters  Andrew Quinn May 10, 2011

Analysis

Danish economy developments and the 2020 plan

BIS  Nils Bernstein and Governor of the National Bank of Denmark Apr 27, 2011

Opinions

EU budget: the Union risks having the wrong debate

EUBusiness  Stephen Tindale Apr 21, 2011

Analysis

Nykredit Realkredit and Nykredit Bank on Review for Downgrade

SEB  Henrik Arp and Frederik Nordsborg Apr 18, 2011

News

Borg Seeks Nordic Accord on Capital as Nordea Threatens to Move

Bloomberg  Johan Carlstrom Apr 15, 2011

Analysis

The Danish flexicurity model in the Great Recession

Vox  Torben M. Andersen, Rob Euwals, Nicole Bosch and Anja Deelen Apr 08, 2011

Analysis

Denmark: "Interest rate increase"

Danmarks Nationalbank  Apr 07, 2011

Analysis

Nordic Outlook April 2011

Danske Bank  Apr 06, 2011

Analysis

Proposals for mortgage credit regulation

Danmarks Nationalbank  Nils Bernstein Mar 30, 2011

Analysis

Danish economy Q1 2011

Jyske Bank  Niels Rønholt Mar 31, 2011

Analysis

Denmark: Statement concerning Cibor

Danmarks Nationalbank  Mar 30, 2011

News

EU’s First Bail-In Losses Leave Denmark Battling Isolation

Bloomberg  Tasneem Brogger and Jim Brunsden Mar 22, 2011

Analysis

EMU Poll: Still solid No to euro

Danske Bank  Steen Bocian Mar 22, 2011

Analysis

Denmark EMU poll: Still solid No to euro

Danske Bank  Steen Bocian Mar 22, 2011

Analysis

Yield forecast update: More central banks to join the tightening cycle

Danske Bank  Peter Possing Andersen and Lars Tranberg Rasmussen Mar 15, 2011

Analysis

Publication of Monetary Review, 1st Quarter 2011

Danmarks Nationalbank  Nils Bernstein Mar 16, 2011

Analysis

Nordic Credit Quarterly: Credits cushioned by strong fundamentals

SEB  Ebba Lindahl et al Mar 09, 2011

News

Denmark eyeing referendum on euro

EUobserver  Valentina Pop Mar 03, 2011

Analysis

Danish economy contracted in Q4

Handelsbanken  Jes Asmussen Feb 28, 2011

Analysis

Danish Government Borrowing and Debt 2010

Danmarks Nationalbank  Feb 22, 2011

Analysis

Weekly Credit Update - Moody’s downgrades Danish banks

Danske Bank  Henrik Arnt Feb 18, 2011

News

Taxpayers Can’t Shield Senior Bondholders, Norway FSA Head Says

Bloomberg  Josiane Kremer Feb 9, 2011

News

Denmark takes $2.8 bln hit as Amagerbanken fails

Reuters  Mette Fraende Feb 7, 2011

News

Danske Bank plans to boost capital

Financial Times  Andrew Ward Feb 14, 2011

Analysis

Danish regulators push for more flexible Basel II liquidity rules

Risk Magazine  MIchael Watt Feb 3, 2011