Denmark : Staff Report for the 1999 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

August 26, 1999

Electronic Access:

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Summary:

This 1999 Article IV Consultation highlights that the Danish economy continued to perform well in 1997–98. Real GDP growth of about 3 percent remained above potential and unemployment fell to 6 percent, less than half its level only five years earlier. Consumer price inflation remained subdued at slightly below 2 percent. However, capacity constraints became more evident and the external current account balance showed a deficit—for the first time since 1989—of 1.4 percent of GDP. Also, at 4½ percent, wage inflation remained higher than in the main trading partner countries.

Series:

Country Report No. 99/88

Subject:

Notes:

Included with the Staff Report are the text of Public Information Notice No. 99/83--IMF Concludes Article IV Consultation with Denmark and a Statement by Kai Aaen Hansen, Executive Director, on August 5, 1999.

English

Publication Date:

August 26, 1999

ISBN/ISSN:

9781451811032/1934-7685

Stock No:

1DNKEA0011999

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

41

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