The Danish economy is well into a healthy and balanced expansion. During the last three years, growth has averaged more than two per cent, which is the strongest period of growth for more than 10 years, and the expansion is expected to continue. This is apparent from the government’s new forecast for the Danish economy, Economic Survey, December 2018. The expansion is driven by strong private consumption, business investments and, not least, a high employment growth rate. Since the 2015 parliamentary election, more than 153,000 private jobs have been created.
Minister for economic affairs and the interior Simon Emil Ammitzbøll-Bille says:
We are well into what looks to become a long expansion. This is not least due to reforms that have been adopted by various governments. Incentives to work have been strengthened, the number of people available for work has increased, and the number of persons receiving public benefit transfers is the lowest for more than 30 years. With the Fiscal Bill for 2019, we keep public spending growth down and send even more money back into the pockets of the Danes.
- Simon Emil Ammitzbøll-Bille
The Danish economy is strong, but there are risks that in worst case will dampen the rate of growth. Several countries are contemplating barriers to trade. At home, there is growing concern about labour shortages. Furthermore, the analyses of the survey show that we still are facing a challenge in terms of low growth in productivity.
Minister for economic affairs and the interior Simon Emil Ammitzbøll-Bille says:
The Danish economy is doing well. I want that to last. Therefore, I also wonder why there is not more appetite for reforms. It must be clear to everyone that reforms have delivered the fuel to the ongoing, healthy expansion. The ambition of the government is that we should have both high employment and high productivity growth. The answer to this is reforms.
- Simon Emil Ammitzbøll-Bille
Further information
Head of Press and Communications Mette Gerlach, mge@oim.dk, phone +45 72 28 24 16
Head of Division Lone Ank, lonak@oim.dk, phone +45 25 43 98 61
