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Denmark.

Author: International Monetary
Publisher: Washington, D.C. : International Monetary Fund, 2018.
Series: IMF Staff Country Reports; Country Report, no. 18/177.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This 2018 Article IV Consultation highlights continued solid growth in the Danish economy. The output gap has seemingly closed for the first time since the global financial crisis. Unemployment is low and close to its estimated structural level, with signs of labor shortages and capacity constraints in some sectors. Inflation remains subdued. Property prices in urban areas are rising swiftly, and household debt  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Monetary, International.
Denmark.
Washington, D.C. : International Monetary Fund, ©2018
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary
ISBN: 9781484362549 1484362543 1484362438 9781484362433
OCLC Number: 1046609501
Description: 1 online resource (54 pages).
Contents: Cover; CONTENTS; RECENT DEVELOPMENTS; OUTLOOK AND RISKS; POLICIES FOR SUSTAINED GROWTH; A. Macroeconomic Policies; B. Financial Sector and Macro-Financial Policies; C. Structural Policies; STAFF APPRAISAL; Annex V. Authorities' Response to Past IMF Policy Recommendations; BOX; 1. Tax Reform Options; FIGURES; 1. Recent Developments; 2. Labor Market Developments; 3. Recent Development in the Financial Sector; 4. Recent Development in the Housing Sector; TABLES; 1. Selected Economic and Social Indicators, 2015-23; 2. Balance of Payments, 2015-23; 3. International Investment Position, 2010-17. 4. GFSM 2001 Statement of General Government Operations, 2015-23 (Billons of DKK)5. GFSM 2001 Statement of General Government Operations, 2015-23 (Percent of GDP); 6. Public Sector Balance Sheet, 2010-15; 7. Financial System Indicators, 2010-17; ANNEXES; I. External Balance Assessment; II. A Simple Model for Danish Wage Formation; III. Public Debt Sustainability Analysis; IV. Risk Assessment Matrix; V. Authorities' Response to Past IMF Policy Recommendations; CONTENTS; FUND RELATIONS; STATISTICAL ISSUES.
Series Title: IMF Staff Country Reports; Country Report, no. 18/177.

Abstract:

This 2018 Article IV Consultation highlights continued solid growth in the Danish economy. The output gap has seemingly closed for the first time since the global financial crisis. Unemployment is low and close to its estimated structural level, with signs of labor shortages and capacity constraints in some sectors. Inflation remains subdued. Property prices in urban areas are rising swiftly, and household debt remains elevated despite recent deleveraging. The increasingly binding constraints highlight Denmark's reduced growth potential, reflecting structurally weak productivity growth and the postcrisis investment slowdown. The outlook is for continued robust growth, which is projected to exceed its trend in the near term, reaching 2.0 percent in 2018 and 1.9 percent in 2019.

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