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Danish economy not in a recession, data shows
by hlk Thu 01 Sep 2011, 18:15
COPENHAGEN, Denmark (AP) - New data shows that Denmark is no longer in a recession and technically wasn't in a recession in previous quarters either.
Statistics Denmark said Wednesday the economy grew 1.0 percent in the second quarter of 2011, compared with the previous three-month period.
It also revised its figures for the first quarter, saying the economy grew 0.1 percent in the January-March period. Its previous estimate of a 0.5 percent drop suggested Denmark was in a recession because it would have been the second consecutive quarterly decline.
The economy will be a key issue in Denmark's parliamentary election on Sept. 15. The left-wing opposition has the lead in the polls over Prime Minister Lars Loekke Rasmussen's center-right party
Statistics Denmark said Wednesday the economy grew 1.0 percent in the second quarter of 2011, compared with the previous three-month period.
It also revised its figures for the first quarter, saying the economy grew 0.1 percent in the January-March period. Its previous estimate of a 0.5 percent drop suggested Denmark was in a recession because it would have been the second consecutive quarterly decline.
The economy will be a key issue in Denmark's parliamentary election on Sept. 15. The left-wing opposition has the lead in the polls over Prime Minister Lars Loekke Rasmussen's center-right party
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