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IMF expects low growth in Denmark this year and next year while the order Nordic countries grow better

Tuesday, 20 September 2011
Danish economy has a hard time getting up to speed, as shown by new figures from the International Monetary Fund (IMF), Economic Outlook.

About the prospects of Denmark, the IMF says that the economy will only grow by 1.5 percent this year and next.

But on the positive side, unemployment is expected to remain virtually unchanged - from 4.5 percent this year to 4.4 percent next year. The Danish growth figures are well below the other Nordic countries.


Sweden is expected to peak at 4.4 percent this year and 3.8 percent next year. The corresponding figure for Norway is 1.7 percent and 2.5 percent, while Finland can expect growth of 3.5 percent this year and 2.2 percent next year.

Iceland on its part is coming up strongly.  After its economy collapsed during the financial crisis in 2008, it has been making strong efforts to steer up growth. IMF expects Icelandic growth to reach 2.5 percent this year and next.

On the whole in the western economies, growth will be worse than previously assumed.
Growth in the Euro zone is anticipated to be 1.6 percent this year and only 1.1 percent next year. USA is downgraded to 1.5 percent this year and 1.8 percent next year.
By Team


Stockholm stock market rises for fourth day in a row

Friday, 16 September 2011
Stockholm Stock Exchange opened with rising stocks for the fourth consecutive day.