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  1. OECD Economic Surveys: Denmark
  2. Volume 2009
  3. Issue 001
  4. OECD Economic Surveys: Denmark 2009
  5. Chapters
  6. Denmark: the crisis and beyond
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Volume 2013
Volume 2012
Volume 2009
Issue 001
OECD Economic Surveys: Denmark 2009
Chapters
Executive summary
Assessment and recommendations
Denmark: the crisis and beyond
Why has productivity growth declined?
Human capital: key to higher productivity
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Denmark: the crisis and beyond

Content Provider OECD iLibrary
Organization OECD
Abstract The Danish economy has been hit by the global economic crisis and is going through a deep and protracted recession. Fortunately, strong policy frameworks mean that Denmark is well placed to steer through the worst downturn in forty years. The fiscal position is comparatively strong and sizeable fiscal stimulus is already working its way through, supplementing strong automatic stabilisers. Labour market policies, including a strong focus on activation of the unemployed, should help employment recover quickly as the economy starts to grow again. However, the depth of the recession is likely to have medium-term consequences for the Danish economy via higher structural unemployment, reduced capital accumulation and possibly lower innovative activity. This chapter first briefly situates Denmark’s longer-run economic performance. It then reviews developments in financial markets and their implications for the real economy. Next, it turns to the likely consequences of the recession on medium-term growth and points to the financial, fiscal and labour market policies required to overcome the recession and minimise its adverse long-term consequences.
Page Count 48
Starting Page 17
Ending Page 64
Language English
Publisher OECD Publishing
Publisher Date 2009-11-05
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Chapter
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