Economic Survey, May 2021


Following the wave of infections and partial lockdowns during the winter, there is once again a strong improvement on its way in the Danish economy. Retail sales have for instance risen substantially and unemployment has dropped, such that it now is below the level observed during the autumn. Overall, GDP is expected to grow by 2.4 per cent this year and 3.6 per cent next year. This implies that the growth rate in 2022 is expected to be the highest in 15 years.

Despite the more severe development in infections and in some areas a more comprehensive and longer-lasting lockdown as compared to last spring, the economy as a whole was less affected during the wave of infections this winter. However, certain parts of the economy are still hit hard, which especially applies to the tourism and entertainment industries.