Project Grønttårnet

Project Grønttårnet

Macroeconomic outlook 2016-2018

Year

GDP*

Unemployment** Consumer spending* Exports*

Inflation*

Public debt***

Denmark 2016

1.7

4.2 4.4 4.3

2.1 1.9 2.3

2.5 5.0 2.8 3.3 4.5 3.3

0.3

37.7 35.6 34.4 89.2 88.8 88.5

2017 2018

2.4 2.0

1.1 1.1

Eurozone 2016

1.8 2.1 1.5

10.0

2.0

0.2

2017 2018

9.1

1.7 1.3

1.5

8.5

1.1

*) Growth (% y/y) **) % of workforce

***) % of GDP Sources: Danske Bank, Eurostat and Statistics Denmark

Consumer spending growth (y/y), Denmark vs. eurozone

GDP growth (y/y), Denmark vs. eurozone

4%

6%

5%

2%

4%

0%

3%

2%

-2%

1%

-4%

0%

-1%

-6%

08 09 10 11

12 13 14 15 16 E17 E18

08

09

10

11

12

13

14

15

16 17YTD

Eurozone (3M)

Eurozone (10-year gov. bond)

Denmark (3M)

Denmark (10-year g

Denmark

Eurozone

Sources: Statistics Denmark and Eurostat

Sources: Statistics Denmark, Eurostat and Danske Bank

29