Country report Denmark - Work Package 1 Ex post evaluation of Cohesion Policy programmes 2007-2013, focusing on the European Regional Development Fund (ERDF) and the Cohesion Fund (CF)
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The financial crisis which triggered the global recession in 2008-2009 called a halt to a period of continuous economic growth in Denmark between 2000 and 2007. The recovery was slow, GDP increasing only a little between 2009 and 2011, remaining broadly unchanged over the next two years and growing slowly again in 2013-2015. The employment rate declined between 2007 and 2011 and increased only a little in the following 4 years. Unemployment which was below 4% of the labour force in 2007 increased to just under 8% in 2011 and though it fell gradually after this, it was still historically high in 2015 (just over 6%).
The recession turned a public sector surplus of 5% of GDP in 2007 into a deficit of 3% of GDP in 2009 and the budget remained in deficit for the remainder of the period, though at only 2% of GDP or below in most years.
The recession led to a slight widening of the disparity in GDP per head between the capital city region and the rest of the country, with the former recovering faster from the crisis, while in most other regions, GDP per head in 2014 remained no higher or even below the level in 2007 before the recessions struck.
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