According to the forecast, from Arbejderbevægelsens Erhvervsråd (AE), referred to in English as the Economic Council of the Labour Movement, also predicts that the Danish economy could continue to perform above expectations in coming years.
It cites the fact that employment is record-high, unemployment is still low, inflation is under control and that exports continue to perform well despite global instability. GDP is predicted to grow this year by 4.2 percent, continuing to grow for the next few years.
The Danish economy was previously thought to be doing worse than it actually is. In June, national statistics agency Statistics Denmark published a revision of the national accounts, adjusting growth for 2023-2025 upwards. This means that the economy came into 2026 stronger than previously thought.
Fredrik Olsen, analyst at AE, said that the pharmaceutical industry in particular is contributing towards economic growth, although it is far from the only factor behind positive growth. People in Denmark are starting to spend more money and exports are performing well.
"The surprising thing about export is that this is happening despite higher oil prices and tariffs from the US," Olsen said. "But Danish export companies have shown themselves to be very resilient to global uncertainty, and there are no signs of any kind of decline right now."
According to the report, rising oil and energy prices and the effect of AI could pose a threat to the Danish economy in the future – although Olsen said that for now at least, it looks like AI is to an increasing extent expected to have a positive effect on the Danish economy.
"So far it looks like [AI] is something that is supporting a lot of jobs, as well as creating a lot of new ones," he said.
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