Denmark: Staff Report for the 2002 Article IV Consultation

May 21, 2002

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Denmark: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This 2002 Article IV Consultation highlights that economic growth in Denmark slowed significantly during 2001 as domestic demand weakened and exports were hit by the global economic slowdown. Unemployment remained low and wage growth was somewhat faster than in euro area partner countries. However, price inflation was subdued. Monetary conditions were eased during 2001 as Danish interest rates generally followed those of the European Central Bank downward. The 2002 budget implies a broadly neutral fiscal stance with the surplus projected to remain within the medium-term target of 1.5–2.5 percent of GDP.

Subject: Expenditure, Labor, Labor markets, Labor supply, Public debt, Tax incidence, Tax policy

Keywords: Anish authorities, Authorities' assessment, CR, Denmark, Economy, Global, Government, Government consumption, IMF staff project, IMF staff projection, ISCR, Labor markets, Labor supply, Surplus, Tax freeze, Tax incidence

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/101
Stock No:

1DNKEA0012002
ISBN:

9781451811049
ISSN:

1934-7685

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