29-08-2006In several respects, the upswing in the Danish economy is stronger than expected in the May survey: private sector employment has increased strongly, unemployment has declined at an unabated pace, and domestic demand has increased more than previously expected. Imports too have increased more rapidly than expected in May, and the net external contribution to growth is increasingly negative. Strong growth in business investment is contributing to a broad-based expansion. On balance, GDP growth forecasts are broadly in line with projections in the May survey.
In several respects, the upswing in the Danish economy is stronger than expected in the May survey: private sector employment has increased strongly, unemployment has declined at an unabated pace, and domestic demand has increased more than previously expected. Imports too have increased more rapidly than expected in May, and the net external contribution to growth is increasingly negative. Strong growth in business investment is contributing to a broad-based expansion. On balance, GDP growth forecasts are broadly in line with projections in the May survey.
Read Economic Survey, August 2006