Market Report, "Denmark Business Forecast Report Q3 2014", Published
New Country Reports market report from Business Monitor International: "Denmark Business Forecast Report Q3 2014"
Boston, MA -- (SBWire) -- 06/18/2014 --Core Views:
- Although Denmark is not part of the eurozone monetary union, its deep financial and trade links have been strengthened by its pegged exchange rate regime, leaving the economy significantly exposed to spill over effects of the eurozone debt crisis.
- A burst housing bubble and subsequent bank failures have made Denmark a Nordic underperformer, and the after-effects will continue to weigh on growth in the medium term. Although Denmark is in the process of staging a broad based economic recovery, the outlook remains dependent on improving external demand and a sustained recovery in house prices.
- Denmark has been singled out as a relative safe haven given its favourable public debt dynamics and fixed currency regime. However, this inflow of capital has masked structural economic problems, and should investors start leaving the country it could expose an array of problems, most problematic of which could be a rise in interest rates and drop in house prices.
- The government of Denmark has repeatedly expressed its commitment to its pegged currency regime, confirming our view that the country will not join the eurozone in the next decade.
- The public sector will remain one of the largest in Europe for the foreseeable future, as Denmark's deeply ingrained welfare model remains broadly popular. However, gradual reforms are likely to continue in the coming years that scale back benefit programs.
- Although we expect public expenditure to remain elevated, the government's substantial tax revenues will enable it to keep deficit and debt levels on a sustainable trajectory.
View Full Report Details and Table of Contents
Major Forecast Changes
- No Major Forecast Changes
Risks To Outlook
- A major risk to Denmark's medium-term macroeconomic trajectory stems from ongoing economic and financial developments within the eurozone. Denmark has sizeable trade and investment linkages with the common currency bloc, and a major deterioration in growth in the core countries, or renewed flare up of the sovereign...
The Denmark Business Forecast Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Denmark and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market..
An influential new analysis of Denmark's economic, political and financial prospects through end-2017, just published by award-winning forecasters, Business Monitor International (BMI).
- Forecast the pace and stability of Denmark's economic and industry growth through end-2017.
- Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
- Assess the critical shortcomings of the business environment that pose hidden barriers and costs to corporate profitability.
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