DENMARK: GROWTH IN ECONOMY UPGRADED

Article Abstract:

Handelsbanken, the major Swedish bank, has upgraded its expectations of the Danish economical growth in 1999 to 1.5% from 1%. The reason behind this is that the global economy is expected to grow more than previously anticipated, and this benefits Danish exports. The Danish payment balance will show a DKr 4.4bn (USD 0.6bn) deficit for 1999, up from previous estimates of a DKr 9bn deficit, according to the bank. In 2000, the payment balance is expected to show a DKr 2.5bn surplus.

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DENMARK: DEFICIT IN PAYMENT BALANCE

Article Abstract:

The Danish payment balance showed a DKr 4.7bn (USD 640mn) deficit in November, according to figures by Nationalbanken, the Danish Central Bank. This was a DKr 6.9bn decline compared with October owing to a DKr 7.5bn deficit in interest payments. The trade balance showed a DKr 3.6bn surplus.

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DENMARK: SURPLUS IN BALANCE OF PAYMENTS

Article Abstract:

Denmark had a surplus of DKr3.9bn (US$0,43bn) in the balance of payments compared with a surplus of DKr3.5bn in May, according to the Danish Statistics. A surplus of DKr22.6bn is shown in the current costs in the balance of payments compared with an accumulated surplus of DKr20.1bn.

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