Inferable duties of Trump. Denmark government: Our economy is resistant

Despite the turmoil in the world caused by the US President Donald Trump, the Danish economy remains in good condition – according to the Economic Report of the Government presented on Friday in Copenhagen.

The authorities expect that Denmark in 2025 will amount to 1.4 percent, and in 2026 it will increase to 2.1 percent, which is a more optimistic forecast than assumed six months ago. This year, inflation in the country is not to exceed 2 percent.

“The Danish economy is therefore to survive almost unscathed a new era of commercial duties and barriers that could threaten a small, open economy, which is dishes,” said the newspaper “Berlingke”.

According to the government, were it not for Trump's customs policy and its consequences, this year's GDP growth would probably be higher. In May, it was estimated that Denmark GDP in 2025 could amount to almost 3 percent.

Advertisement

Denmark's economy depends on the economic situation of the Pharmaceutical Company Nordisk Novo. The manufacturer of diabetes and obesity drugs struggles with problems on the American market, which affected a significant decrease in the stock exchange rate on the stock exchange. In August, the US authorities suspended the investment of the Danish Orsted group consisting in the construction of a wind farm at the east coast of the United States. Another sensitive to turbulence in the international trade Danish company is a maritime -based container transport Konglomerate Maersk.

The Minister of Economy of Denmark Stephanie Lose expressed the opinion that “Danish companies are innovative and flexible.” “We expect that they will continue to prosper in export markets,” Lose emphasized.

The authorities in Copenhagen also presented on Friday the draft budget for 2026. The good economic situation is to allow the abolition of tax on coffee and chocolate, as well as amounting to 25 percent. VAT from books. The electricity fee is to be significantly reduced. Another novelty is funds to increase the employment of educators in nurseries and kindergartens. As the government assessed, thanks to reforms in 2026, the Danish family with two children will receive an additional 8.5 thousand. crowns (approx. 1.1 thousand euros). The document also includes 10 billion crowns (EUR 1.3 billion) for defense and support of Ukraine. (PAP)

Zys/ MMS/