## Denmark: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Supplement

_IMF Staff Country Reports, June 14, 2021_

## Source details

**Canonical URL:** [Denmark: 2021 Article IV Consultation-Press Release; Staff Report; and Staff Supplement](https://www.imf.org/en/publications/cr/issues/2021/06/14/denmark-2021-article-iv-consultation-press-release-staff-report-and-staff-supplement-50207)

## Other formats

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## Bibliographic details
- Published: June 14, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513573212.002

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### Summary findings
- Denmark entered the pandemic on a strong economic footing and utilized its large policy space built over time to successfully address the crisis and lay the ground for a strong recovery.
- The outlook is for a rebound in activity, but uncertainty remains elevated with risks tilted to the downside.
- Macrofinancial vulnerabilities persist as housing price growth has accelerated and household debt remains high.
- The current account declined but remains in surplus.

### Outlook and risks
- Rebound in activity is expected.
- Elevated uncertainty with risks tilted to the downside.

### Macrofinancial vulnerabilities
- Accelerated housing price growth.
- High household debt.

### External sector
- Current account declined but remains in surplus.

### Thematic subjects and keywords
- Subject: COVID-19, Financial institutions, Health, International organization, Labor, Labor markets, Loans, Monetary policy, Production, Productivity, Securities
- Keywords: COVID-19, EMU definition, Europe, government finance statistics data, Labor markets, liability positions vis-à-vis nonresident, Loans, money market rate, Productivity, Securities, staff appraisal

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_Source: https://www.imf.org/en/publications/cr/issues/2021/06/14/denmark-2021-article-iv-consultation-press-release-staff-report-and-staff-supplement-50207_