Denmark: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Alternate Executive Director for Denmark

Volume/Issue: Volume 2022 Issue 169

Publication date: June 2022

ISBN: 9798400212192

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Labor , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , government support package , government finance statistics data , liability positions vis-à-vis nonresident , money market rate , headline inflation , Labor markets , COVID-19 , Mortgages , Securities , Global

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Summary

The strength of the economic recovery bodes well for the rebound in activity to persist, but uncertainty remains high due to the war in Ukraine and the pandemic, with risks tilted to the downside. With employment above pre-pandemic levels, however, labor market pressures have increased. High energy prices have propelled inflation to a historic high. The current account remains elevated. High household debt constitutes a key source of risk as house price growth remains strong.