Denmark: Staff Report for the 1999 Article IV Consultation
August 26, 1999
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Employment, Expenditure, Fiscal policy, Labor, Labor markets, Wages
Keywords: consumer confidence, consumer price inflation, CR, Employment, Global, growth slowdown, headline inflation, IMF staff projection, ISCR, krone, Labor markets, staff appraisal, wage inflation, Wages
Pages:
41
Volume:
1999
DOI:
Issue:
088
Series:
Country Report No. 1999/088
Stock No:
1DNKEA0011999
ISBN:
9781451811032
ISSN:
1934-7685
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.
