The recovery of the Danish economy has been moderate, but is expected to pick up in 2016 and 2017. The economic recovery is currently being boosted by factors such as very low interest rates and low inflation. Labour market conditions have improved, real disposable income is growing and there is a high savings surplus in the private sector. These are all factors helping to underpin the continuing recovery. In eight of the nine latest quarters, GDP growth has been positive, and it is estimated to have reached 1.2% on an annual basis in 2015. According to the Commission 2016 winter forecast, GDP is projected to grow by 1.7% in 2016 and 1.9% in 2017. The economic recovery is expected to be driven by both domestic demand and exports.
Read a complete analysis of Denmark's economy in the country report 2016 [2 MB]
2015 recommendations in brief
The Commission has made two country-specific recommendations to Denmark to help it improve its economic performance. These are in the areas of public finances; productivity and services.