National Bank of Denmark expects recovery

national-bank-of-denmark

Denmark's economy shrank by 0.4% in 2012, the central bank estimated in a monetary review released on February 4, as both households and the corporate sector are "still consolidating".

However, the review said, domestic demand will pick up and GDP is projected to grow by 1.3% in 2013 and 1.8% in 2014.

Denmark currently has an unemployment rate of 4.8%, which the review said is contributing to low wage inflation and helping to improve competitiveness. As domestic demand increases, the central

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