DENMARK: HOUSING INVESTMENTS FORECAST TO DROP

Article Abstract:

The latest forecast by the Danish Building Employers' Confederation and the Danish Contractors' Association indicate that the boom period in the construction sector is weakening and construction activities both as regards residential construction and commercial building construction will drop during the year and further next year. This means that the activities in the construction sector are back to the levels prior to the hurricane in Denmark in 1999. The government's housing package, that will take effect in 2002, will further help the industry.

Industrial buildings and warehouses

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DENMARK: FORECAST FOR THE ECONOMY

Article Abstract:

Arbejderbevaegelsens Erhversrad, the economic council of the Danish labour movement, anticipates a positive development in the Danish economy in 2000. GNP growth is estimated at 2.1%, exports are expected to grow by 4.1%, and private consumption to increase by 1.5%. Housing construction will decrease by 0.2%, and construction of commercial premises will fall by 2.2%, according to the forecast.

Production data, Foreign Trade (Exports & Imports), Commercial and Institutional Building Construction, Commercial Buildings, Commercial construction

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DENMARK: NORDEA'S ECONOMIC FORECAST FOR DENMARK

Article Abstract:

Nordea, the Nordic banking group, expects the Danish GNP growth to be 1.3% this year and climb to 2% next year and 2.3% in 2003. Nordea's forecast predicts a 2.1% growth for consumer prices this year, 2.0% next year and 2.1% in 2003.

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