Economic Survey, May 2024

Front page from Economic Survey, May 2024.

The Danish economy has had a remarkable trajectory in recent years. Activity recovered quickly after the covid-19 pandemic, and employment has continued to rise over the past few years despite the decline in demand that followed high energy prices, high inflation, rising interest rates and stagnation abroad. The pharmaceutical industry has been crucial to real GDP growth over the past two years, as other parts of the Danish economy have stagnated or even declined according to the national accounts. Employment has increased more broadly in the economy and especially in the service industries. However, the pressure on the labour market has eased over the past year.