We still don’t have a full picture of how things have evolved since the early summer, but in the assessment of Danmarks Nationalbank, Denmark is also gradually beginning to move out of the recession that set in around the turn of the year 2008.
It looks as if our aggregate output bottomed out in mid-2009 at a level of 7 per cent below the most recent peak in 2007. Most forecasts show that the recovery will be slow, and in our assessment we will not be back at the 2007 output level until some time in 2013 at the earliest.