The COVID-19 crises reduces Danish growth potential

Economic Memo – June 2020 – No. 9

Authors Kuchler, Andreas; Bess, Mikkel; Werner, Morten
Subject Economic activity and employment; Other economic analyses; Current economic and monetary trends
Type Economic Memo
Year 2020
Published 24 June 2020
Due to the covid19-crisis, it is projected that Danish potential GDP will grow at a slower pace in the coming years. Potential GDP is reduced by 1.1 per cent in 2022 compared to Nationalbanken's forecast from before the covid19 outbreak. The downward revision reflects a decline in structural employment as well as productivity. (Memo available in Danish only)