Denmark: 2012 Article IV Consultation

January 24, 2013

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Format: Chicago

Denmark: 2012 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed September 21, 2024

Summary

The global financial crisis hit Denmark hard, and the recovery has been slow and unsteady. Denmark’s slow growth predates the recent economic crisis, and the economy has underperformed its regional peers. The current account remains in surplus, largely reflecting weak domestic demand since the crisis and strong net income. Monetary policy is based on maintaining a tight peg to the euro. Denmark’s financial system has rebuilt capital but still has substantial vulnerabilities. Potential growth is expected to recover gradually.

Subject: Balance of payments, Banking, Commercial banks, Current account, Deposit insurance, Deposit rates, Expenditure, Financial institutions, Housing prices, Prices, Public debt

Keywords: Authority, Budgetary funds, Commercial banks, CR, Current account, Europe, Exchange arrangement, Fiscal consolidation effort, Fund, Global, Housing prices, ISCR, Liability positions vis-à-vis nonresident, Policy, Rate, Reform program, Staff state

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/022
Stock No:

1DNKEA2013001
ISBN:

9781475529036
ISSN:

1934-7685

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