The international recovery has continued at a moderate pace over the summer. Overall, the recovery in industrialised countries has been faster than expected just over a year ago. Back then, the general expectation was almost zero growth in the euro area and very weak growth in the USA.
The Danish economy is also making good progress and growth in 2010 has been stronger than expected. GDP has risen over the past five consecutive quarters and overall by almost 4 per cent since the bottom in the second quarter of 2009.