The overall picture is that the Danish economy is on the right track, but is recovering relatively slowly and with considerable fluctuations in quarterly GDP figures. However, employment is rising and unemployment falling. Furthermore, households are wellconsolidated and their disposable income and wealth are rising steadily. Consumer confidence has been high for some time.
Growth in private consumption has been somewhat muted until now, but has nevertheless been positive in 2014 so far. Looking ahead, Danmarks Nationalbank expects a stronger recovery. The foundations for growth are in place.