All
 

 

Just in:  

You are here: Home»World»Business & Economy»Danish economy enters recession: official statistics

denmarkCOPENHAGEN: Denmark entered recession in the first quarter after its gross domestic product shrank for the second consecutive three-month period, official figures showed Tuesday.

Statistics Denmark said the economy had slipped 0.5-percent in the first quarter compared to the last quarter of 2010, according to seasonally adjusted figures.

It also revised its fourth quarter 2010 figure to a drop of 0.2 percent, compared to its previous report the economy had declined 0.4 percent during that quarter.

"There was a decline of 1.9 percent in domestic demand, where private consumption, public spending and investments fell," Statistics Denmark explained.

It added though that a boost in exports had countered the negative trend.

A nation is deemed to be in recession if the economy contracts for two consecutive quarters.

Copyright AFP (Agence France-Presse), 2011


 



 
Index Closing Chg%
Arrow DJIA 18,126.12 0.20
Arrow Nasdaq 5,097.98 0.17
Arrow S&P 2,120.79 0.13
Arrow FTSE 7,040.92 1.11
Arrow DAX 11,677.57 0.79
Arrow CAC-40 5,137.83 0.86
Arrow Nikkei 20,551.46 0.39
Arrow H.Seng 27,454.31 2.23
Arrow Sensex 27,506.71 0.21





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln