## Denmark: Staff Report for the 2014 Article IV Consultation

_IMF Staff Country Reports, December 9, 2014_

## Source details

**Canonical URL:** [Denmark: Staff Report for the 2014 Article IV Consultation](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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## Bibliographic details
- Published: December 9, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484312612.002

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### Overview
- The Danish economy is recovering slowly and unevenly.
- The economy contracted slightly in 2013.
- The recovery is likely to continue but remain fragile.

### Growth projections
- 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.

### Drivers of growth and headwinds
- Headwinds:
  - Trend decline in North Sea oil and gas production.
  - Decline in exports to euro-area partners.
- Support:
  - Private domestic demand.
  - Non-oil exports.

### Subjects and keywords
- 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

*Denmark: Staff Report for the 2014 Article IV Consultation, December 9, 2014 — International Monetary Fund*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/denmark-staff-report-for-the-2014-article-iv-consultation-42499_