Denmark’s economy contracted in the final quarter last year as consumers cut spending and fixed investment dropped.
Danish opposition to joining the euro rose to a record high as the currency bloc’s debt crisis made voters favor the krone, according to a poll published by Danske Bank A/S.
Danes, the most indebted people in the world, are losing their appetite for credit.
Denmark emerged from a recession faster than first estimated in the second quarter, as an economic recovery in the euro area helped exports and consumer spending climbed.
Danish opposition to joining the euro rose to a record high as the single currency bloc’s debt crisis made voters favor the krone, according to a poll published by Danske Bank A/S.
A rebound in Denmark’s housing market shows the recovery the government has been waiting for is now underway, Economy Minister Margrethe Vestager said.
Denmark’s economy expanded more than estimated in the second quarter, emerging from a recession, as exports rose after the euro area returned to growth.
Danish retail sales rose on an annual basis in July, adding to signs the economy is stabilizing after the euro-area emerged from its longest recession.
Denmark’s economy stagnated in the first quarter after businesses invested less and government spending dropped.
Denmark’s inflation rate sank to the lowest level since at least 1967 after Scandinavia’s weakest economy stagnated in the first quarter.