Economic Survey, May 2007 - English Summary

30-05-2007

Economic Survey, May 2007 - English Summary

The Danish economy has now achieved very high levels of capacity utilization and employment after three years of strong growth. Unemployment has fallen sharply offering new employment opportunities for individuals at the fringes of the labour market, e.g. immigrants. Both real disposable incomes and wealth have risen strongly, paving the way for a 12 per cent real increase in private consumption between 2003 and 2006. 

Due to the already low levels of unemployment and to underlying demographic trends, the scope for further growth is now more limited. GDP growth is expected to slow from more than 3 per cent in 2005 and 2006 to 2¼ per cent in 2007 and 1¼ per cent in 2008.

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