Denmark: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark

September 13, 2024

Preview Citation

Format: Chicago

Denmark: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark, (USA: International Monetary Fund, 2024) accessed September 14, 2024

Summary

Denmark has demonstrated remarkable resilience in the face of the energy crisis, high inflation, and tighter financial conditions. In recent years, growth has been increasingly driven by an exceptional surge in the pharmaceutical sector, while the rest of the economy has largely stagnated. Staff expect robust growth to continue in the near term, driven by pharmaceutical exports, the reopening of the Tyra natural gas field, and a gradual recovery in the non-pharmaceutical sectors. With the sharp decrease in global energy prices and lackluster domestic demand, inflation has fallen sharply. The positive outlook is, however, clouded by considerable external risks, most notably geopolitical tensions. The financial system has remained stable, although risks remain due to still-high interest rates and vulnerabilities in the commercial real estate markets.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Financial institutions, Fiscal policy, Fiscal stance, Labor, Labor markets, Mortgages

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Financial sector stability, Fiscal stance, Labor markets, Loans, Mortgages

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/292
Stock No:

1DNKEA2024001
ISBN:

9798400287480
ISSN:

1934-7685

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