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Key figures: Upswing continues in Danish productivity

The Danish economy had an impressive growth rate of 2.0 per cent in 2017. And 2018 could be an equally good year, predicts the Confederation of Danish Industry.


Denmark’s GDP increased by 0.9 per cent from the third to fourth quarter, shows the latest data from Statistics Denmark. For 2017 as a whole, the growth rate was 2.0 per cent.

“The economy is doing well. In 2017, there was a substantial growth rate of about 2.0 per cent.  Our member companies expect progress to continue, so it is likely that 2018 will be an equally good year for the Danish economy,” says Morten Granzau, Chief Economist at the Confederation of Danish Industry.

“The fourth quarter’s impressive progress must be seen in light of the decline in the third quarter. A large portion of auto sales was pushed from the third to the fourth quarter due to negotiations regarding lower registration fees. But exports have also contributed to rise in the fourth quarter,” says Morten Granzau.

The fourth quarter’s progress must be seen in light of the decline in the third quarter. Morten Granzau Nielsen, Head of Financial Policy.

“Employment continues to rise, and many more people are finding footing in the labour market. That is extremely positive. Unfortunately, the downside is that companies have a hard time finding the employees they require,” says Morten Granzau.

The Confederation of Danish Industry maintains its prediction that Denmark can expect a growth rate of approximately 2 per cent this year, as projected in DI’s forecast from primo November 2017.

The downside is that companies have a hard time finding the employees they require.

MORTEN GRANZAU, CHIEF ECONOMIST IN DI
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PUBLISHED: 2/21/2018 LAST MODIFIED: 2/23/2018