Core inflation is expected to increase gradually over coming quarters, reaching 2 per cent by the middle of 2013 as the economy gradually absorbs the current small degree of slack,  BIS central bankers’ speeches  1  the growth of labour compensation remains moderate and inflation expectations stay well-anchored.
the speed at which output can rise, should not be confused with short-term cyclical movements driven by fluctuations in demand. Over the last 20 years, average growth in Denmark has been approximately 1.5 per cent, cf. Chart 1. This period comprises both overheating and a deep recession, so it is difficult to say anything about the structural growth rate.