Denmark: Staff Report for the 1999 Article IV Consultation

August 26, 1999

Preview Citation

Format: Chicago

Denmark: Staff Report for the 1999 Article IV Consultation, (USA: International Monetary Fund, 1999) accessed December 21, 2024

Summary

This 1999 Article IV Consultation highlights that the Danish economy continued to perform well in 1997–98. Real GDP growth of about 3 percent remained above potential and unemployment fell to 6 percent, less than half its level only five years earlier. Consumer price inflation remained subdued at slightly below 2 percent. However, capacity constraints became more evident and the external current account balance showed a deficit—for the first time since 1989—of 1.4 percent of GDP. Also, at 4½ percent, wage inflation remained higher than in the main trading partner countries.

Subject: Employment, Expenditure, Fiscal policy, Labor, Labor markets, Wages

Keywords: Consumer confidence, Consumer price inflation, CR, Employment, Global, Growth slowdown, Headline inflation, IMF staff projection, ISCR, Krone, Labor markets, Staff appraisal, Wage inflation, Wages

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/088
Stock No:

1DNKEA0011999
ISBN:

9781451811032
ISSN:

1934-7685

Notes

Included with the Staff Report are the text of Public Information Notice No. 99/83--IMF Concludes Article IV Consultation with Denmark and a Statement by Kai Aaen Hansen, Executive Director, on August 5, 1999.

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