Denmark’s economy suffered less than expected in 2020

Flag of DenmarkPhoto: Ava Coploff / Unsplash

The Danish economy declined by 2.7% in 2020, surpassing expectations. 

Danish economists had estimated that the Danish economy would shrink by 3.3% in the pandemic-marked year, but a revised summary from Statistics Denmark shows that the economy fared better than feared.

Denmark is still struggling with the economic damage resulting from the pandemic. 

Unemployment rose by 3,800 in February. There are now 131,700 unemployed people registered in the country, which corresponds to 4.6% of the labor force.

Before the pandemic, the unemployment rate was 3.6%.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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