Denmark: 2012 Article IV Consultation

International Monetary Fund

No 2013/022, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; rate; authority; fund; policy; liability positions vis-à-vis nonresident; exchange arrangement; reform program; staff state; fiscal consolidation effort; budgetary funds; Housing prices; Current account; Commercial banks; Global; Europe (search for similar items in EconPapers)
Pages: 56
Date: 2013-01-24
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Citations: View citations in EconPapers (4)

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