Post coronavirus GDP growth forecast in Denmark 2019-2020

According to a forecast conducted by the Danish institution, De Økonomiske Råd, the Danish economy can face two different scenarios in 2020: The first scenario is an optimistic forecast of how the effects of the coronavirus (COVID-19) will impact the economy in Denmark. Here, the economy is expected to stabilize relatively fast with an anticipated decrease of 3.5 percent in the gross domestic product. The second scenario is a pessimistic forecast, which expects the gross domestic product to decrease by 5.5 percent as well as a decrease in public finances by nine percent. In comparison to the forecasts, the gross domestic product in Denmark was expected to increase by 1.3 percent in the autumn of 2019.

Economic forecast in light of the coronavirus outbreak in Denmark for 2019 and 2020

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Source

Release date

April 2020

Region

Denmark

Survey time period

2019, March 2020

Supplementary notes

The source adds the following information: "Due to great uncertainty, the two scenarios should be perceived as illustrative calculations."

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Statistics on "Coronavirus: economic impact in the Nordic countries"

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