IMF Staff Country Reports

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

Publication Date:

June 26, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 2023/227

Subject:

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

Frequency:

regular