Economic growth falters
As reported by 7.59, Thursday, the government slightly revised down the country’s economic growth expectation for 2015 in its latest Economic Review published by the Ministry of Finance yesterday. Gross domestic product (GDP)…
MoreInflation hits new low
Denmark’s consumer price inflation eased for the second straight month in November to the lowest level in nine months, figures from Statistics Denmark showed Thursday. The consumer price index rose 0.3 percent year-over-year…
MoreCOP21 draft text lacks ambition says Climate Minister
The government has dismissed the initial draft text for a deal published at the Cop21 UN Climate Conference in Paris as ‘lacking ambition’. Energy & Climate Minister Lars Christian Lilleholt said the new…
MoreDenmark’s carbon emissions could rise by 1 million tons
The 2016 budget and the government’s growth stimulus package will increase CO2 emissions by 700,000 tons over the next three years. The figure, made public in an official parliamentary response from Energy &…
MoreNew family reunification rules will affect very few refugees
Only a small minority of refugees will be affected by the government’s move to restrict family reunification. Based on asylum statistics for the past few years around 80 per cent will still be…
MoreGovernment pushes for toughest anti-migrant rules in Nordic region
Denmark is set to introduce the toughest anti-migration rules in Scandinavia, according to Swedish newspaper Svenska Dagbladet. The paper reports that under the new rules, refugees will be obliged to pay for accommodation on their own…
MoreEconomic Forecast: Reduced growth this year
The relaxed monetary policy environment heightens the need for budget discipline, the Finance Ministry warns in its latest economic forecast to be published today. The economy will grow 1.4 percent this year, slightly…
More2015: The upswing that never was
Leading Danish economists agree that the long-awaited upswing this year has failed to materialise. In response to the government’s latest economic forecast (above), which predicts slower growth for 2015 than previously estimated, senior…
MoreTrade surplus drops to 7-year low
Denmark’s foreign trade surplus decreased in October to the lowest level in nearly seven years, as exports fell and imports rose, figures from Statistics Denmark showed Wednesday. The seasonally adjusted trade surplus, excluding…
MoreDanske Bank voices concern about negative interest rates
Denmark’s biggest bank, Danske, has warned of the potential damage to the financial industry caused by negative interest rates that have lasted far longer than anyone could have expected. “This was seen as…
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