Outlook for the Danish economy – Balanced recovery in the Danish economy

Analysis - March 2017 - No. 5

Authors Danmarks Nationalbank
Subject Danish Economy
Type Analysis
Year 2017
Published 15 March 2017
The Danish economy is in a balanced upswing and heading towards a moderate boom. Structural factors may dampen stronger dynamics and thus the growth outlook is more limited than previously. The growth in GDP is expected to increase to 1.6 per cent in 2017 from 1.1 per cent in 2016. The growth scenario in Danmarks Nationalbank's forecast assumes that labour supply will increase as a result of reforms already implemented. The growth scenario can be affected by a build-up of strong labour market pressure and the economy abroad including the US fiscal policy.