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 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln