The latest national accounts figures indicate that growth is slowing down, but these figures are often revised significantly and thus uncertain. It goes without saying that it is prerequisite to Danish economic development that the international cyclical scenario does not weaken markedly. Danmarks Nationalbank agrees with the Chairmanship that fiscal relaxation is not required.
Fiscal policy must be formulated for the medium term, based on the 2010 plan. Short-term fiscal adjustments tend to have unwanted effects. Obviously, structural measures must be taken to keep the surplus on public finances at 1½-2½ per cent of GDP. Here, the report points out that the lack of new employment-policy initiatives gives cause for concern.