Economy in Denmark

  • Europe in 2016: Terror fears, migration, politics. But economy may turn a corner

    ALBANIA, 2016/01/02

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Greenland and Denmark submit continental shelf claim

    DENMARK, 2012/12/15 Denmark and Greenland have handed the United Countries documents to support their claim to the disputed continental shelf. The governments of both countries said the data concerns the ownership 115,000 square-kilometres and 200 nautical miles which extend southwest off the Greenland coast towards Canada and east towards Iceland. The submission, which was made to the UN Commission on the Limits of the Continental Shelf (CLCS) on Thursday (June 14), is the new effort by Denmark and Greenland to claim parts of the seabed that extend towards the North Pole. Nevertheless, other countries, including Russia, China and Iceland, have as well become increasingly interested in the area, which is thought to be rich in natural resources.

  • Danish Inflation Remains Stable, Trade Surplus Rises

    DENMARK, 2012/12/10 Denmark's consumer price inflation remained unchanged in November, data released by Statistics Denmark showed Monday. Inflation as per the consumer price index remained unchanged at 2.3 % in November. Food and non-alcoholic beverages prices advanced 3.4 % annually, while clothing and footwear prices moved up 1.2 %. Housing costs were higher by 2.4 % compared to last year, and transportation costs by 1.6 %.
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