Denmark’s gross domestic product will grow 0.3 percent this year as the $320 billion economy benefits from accelerating exports, investments and consumer spending, Danske Bank A/S said.
A recovery in the euro area has done little to persuade Danes to reconsider the single currency.
As inflation crawls at its slowest pace since records started in 1967, Denmark’s government says the disinflation is helping Scandinavia’s weakest economy.
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 apartment prices are rising at a pace that may be unsustainable, according to Danske Bank A/S, the nation’s biggest lender.
Denmark said its budget deficit will widen as the government of Scandinavia’s weakest economy cut its growth forecast for this year.
Danish bankers are learning the hard way it pays to have a seat at the table.
Representatives from Denmark’s mortgage industry are meeting with the government today in the hope of easing repayment terms on interest-only loans that threaten to unleash a wave of foreclosures this year.
A growth accord reached late yesterday by Danish lawmakers won’t be enough to end the nation’s economic slump, according to the chief economist at its largest bank.
A rebound in Denmark’s housing market shows the recovery the government has been waiting for is now underway, Economy Minister Margrethe Vestager said.
"It's quite conceivable that it will be 10 years before another referendum might be considered."
- Steen Bocian on Sep 19, 2013