Denmark: 2023 Article IV Consultation-Press Release; and Staff Report

June 26, 2023

Preview Citation

Format: Chicago

Denmark: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

The Danish economy recovered strongly from the pandemic, which contributed to inflation pressures from higher energy and import prices. More recently, there are signs that economic activity is cooling, as inflation is lowering real incomes, financial conditions are tightening, and external demand is weakening, but labor markets remain relatively tight. Staff expect growth to slow to 1¼ percent in 2023. Risks to growth are broadly balanced, but upside risks dominate inflation. The financial system has remained stable, although house prices have fallen. The medium-term growth outlook remains modest, reflecting well-known structural issues, in particular demographic headwinds.

Subject: Financial institutions, Fiscal policy, Fiscal stance, Housing prices, Inflation, International organization, Monetary policy, Mortgages, Prices, Securities

Keywords: Consumer price index inflation, Data provision, Europe, Fiscal stance, Global, Government finance statistics data, Housing prices, Inflation, Liability positions vis-à-vis nonresident, Money market rate, Mortgages, Securities, Upside risk

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/227
Stock No:

1DNKEA2023001
ISBN:

9798400245954
ISSN:

1934-7685

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