{
  "title": "Denmark: Staff Report for the 2014 Article IV Consultation",
  "publication": "IMF Staff Country Reports, December 9, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/denmark-staff-report-for-the-2014-article-iv-consultation-42499",
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  "summary": "This 2014 Article IV Consultation highlights that the Danish economy is recovering slowly and unevenly. The economy contracted slightly in 2013, but it looks likely to accelerate modestly in 2014.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Danish economy is recovering slowly and unevenly.\n- The economy contracted slightly in 2013.\n- The recovery is likely to continue but remain fragile."
    },
    {
      "heading": "Growth projections",
      "content": "- Annual growth is estimated at 0.7 percent in 2014.\n- Projected to increase to 1.4 percent in 2015.\n- Projected to trend to slightly above 2 percent thereafter."
    },
    {
      "heading": "Drivers of growth and headwinds",
      "content": "- Headwinds:\n  - Trend decline in North Sea oil and gas production.\n  - Decline in exports to euro-area partners.\n- Support:\n  - Private domestic demand.\n  - Non-oil exports."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Financial institutions, Fiscal policy, Fiscal stance, Housing, Housing prices, Loans, Mortgages, Prices\n- Keywords: CR, data, economy, economy well, exchange arrangement, financial system profitability, Fiscal stance, Global, holding, Housing prices, interest deductibility, ISCR, liability positions vis-à-vis nonresident, Loans, mortgage credit system, Mortgages, rate, statistics, statistics Denmark\n\nDenmark: Staff Report for the 2014 Article IV Consultation, December 9, 2014 — International Monetary Fund\n\n---\n\n Content in this bundle\n\n- Cr14331\n  - Cr14331 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr14331 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 9, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484312612.002",
    "The Danish economy is recovering slowly and unevenly.",
    "The economy contracted slightly in 2013.",
    "The recovery is likely to continue but remain fragile.",
    "Annual growth is estimated at 0.7 percent in 2014.",
    "Projected to increase to 1.4 percent in 2015.",
    "Projected to trend to slightly above 2 percent thereafter.",
    "Headwinds:",
    "Support:",
    "Subjects: Financial institutions, Fiscal policy, Fiscal stance, Housing, Housing prices, Loans, Mortgages, Prices",
    "Keywords: CR, data, economy, economy well, exchange arrangement, financial system profitability, Fiscal stance, Global, holding, Housing prices, interest deductibility, ISCR, liability positions vis-à-vis nonresident, Loans, mortgage credit system, Mortgages, rate, statistics, statistics Denmark",
    "**Cr14331**"
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