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Economic forecasts for GDP, unemployment, inflation and fiscal balance
The Danish economy has been hard hit during the global crisis. Substantial measures have been taken to combat its effects. Going forward, the main challenges include restoring fiscal sustainability, raising productivity growth and improving education outcomes.
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The Danish economy has been suffering during the global crisis but beyondthe projected cyclical recovery it will need to restore sustained robust growth.While the level of national income is high, the gap vis-à-vis the leading OECDcountries has widened somewhat over the past decade. GDP gains have beendriven primarily by rising labour utilisation, related to the evolution of the“flexicurity” model, with increases in both the share of
The Danish economy is going through a deep and protracted recession but the authorities have taken substantial measures to combat it. Further policies are required to minimise adverse long-term consequences on growth.
Labour productivity decelerated due to a slowdown in capital deepening related to the trend increase in employment. Policies in the areas of research and development, innovation, entrepreneurship, product market regulation and taxation could raise productivity growth.
Human capital has traditionally been a strong point for the Danish economy, boosting income levels and the economy’s capacity to adjust, but there is room for improvement. Key education policy issues that need attention comprise learning outcomes and completion rates.
The OECD’s latest economic survey of Denmark, to be published on Thursday 5 November 2009, looks at the impact of the global economic crisis on Denmark and offers policy recommendations for reform.
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Agreement between Denmark and Anguilla for the exchange of information relating to tax matters
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Agreement between Denmark and Antigua for the exchange of information relating to tax matters
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Agreement between Denmark and Gibraltar for the exchange of information relating to tax matters