Despite all the crises we have faced in the past couple of years, there is economic growth in Denmark. Mainly, thanks to the pharma industry (without them, there would be a recession in Denmark). While most of the companies are suffering because people are spending less (to keep inflation in check), the pharma industry thrives by selling abroad.
As a consequence of the economic growth, there should be an extra nine billion DKK in the national treasury as financial leeway. The leeway is the tax revenue minus the public expenditure. The Ministry of Finance initial assessment was at 55 billion DKK financial leeway. The Economic Council revised the number to 64 billion DKK. The biggest question on everyone’s mind is now, how will those money be spent?
The Danish economy is expected to slowdown in the following years: 1.3% economic growth in 2024; 0.6% in 2025 and 1.1% in 2030.
