Denmark: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark
IMF Staff Country Reports, September 13, 2024
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- Canonical URL
- Denmark: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark
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Bibliographic details
- Published: September 13, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400287480.002
Economic performance
- The Danish economy "has continued to expand at a robust pace, driven by an exceptional surge in the pharmaceutical."
- "The rest of the economy has remained relatively subdued, aside from the maritime and information and communication technology industries, reflecting sluggish demand."
Inflation and energy
- "With a decline in global energy prices and lacklustre domestic demand, inflationary pressures have largely dissipated in recent months."
Fiscal policy
- Policy priority: "to manage fiscal policy in a manner consistent with near-term cyclical conditions while taking account of long-term spending pressures without risking fiscal sustainability."
- Emphasis on balancing near-term cyclical responses with long-term fiscal sustainability given projected spending pressures.
Financial stability
- "The financial system remains sound, but risks remain."
- Continued vigilance and policy measures are implied to preserve stability.
Labor market and structural reforms
- Continued reform efforts are necessary "to boost labor supply and enhance productivity, aiming to sustain the welfare state."
- Reform priorities listed:
- "enhancing work incentives"
- "addressing skill mismatches by accepting more foreign talent"
- "modernizing active labor market policies"
- "enhancing education outcomes for children with immigrant backgrounds"
Climate policy
- "Further actions are necessary to achieve climate mitigation targets and prepare for climate change."
Content in this bundle
- 1dnkea2024001-print-pdf