Economic Survey, May 2010

The Danish economy is expanding after the sharp setback until the summer of 2009 that followed the international financial crisis.

GDP grew by ¼-½ per cent (q-q) in the 3rd and 4th quarter last year driven by private and public consumption, public investments and a gradual turnaround in the inventory cycle and expanded further in the first quarter of this year. GDP growth is expected to continue through 2010 and 2011 at rates of just under 1½ and 1¾ per cent (y-y).