The Survey is published on the responsibility of the Economic and Development Review Committee, which is charged with the examination of the economic situation of member countries. The economic situation and policies of Denmark were reviewed by the Committee on 22 November 2018. The draft was revised in the light of the discussion and given final approval as the agreed report of the whole Committee on 11 December 2018.This Survey was prepared in the Economics Department by by Mikkel Hermansen, Valentine Millot and Sune Malthe-Thagaard who was seconded from Danmarks Nationalbank, under the supervision of Pierre Beynet, Patrick Lenain, Annabelle Mourougane and Douglas Sutherland. Corinne Chanteloup provided the statistical research assistance and Stephanie Henry provided editorial support. The Survey also benefited from contributions by Christophe André, Thomas Chalaux, Caroline Klein, Valerie Smeets, Donal Smith, and Frederick Warzynski.The previous Survey of Denmark was issued in May 2016. Information on other Surveys and how surveys are prepared is available at www.oecd.org/surveys.

The economy is growing after a long, but moderate, recovery

Denmark has traditionally delivered high living standards to its citizens and left few behind. High and equally-distributed incomes translate into strong feelings of wellbeing according to a range of measures (). What is more, there is equality of opportunities across generations in terms of income, education and health Invalid source specified.. Commitment to addressing environmental challenges has made Denmark a frontrunner in green growth. A comprehensive series of pension and benefit reforms has bolstered public finances and lifted more people into the labour market, which will help to sustain these good outcomes. In the future, lifting labour force participation by increasing the statutory retirement ages and facilitating the integration of migrant workers will also help to secure that this continues.

This Annex reviews actions taken on recommendations from previous Economic Surveys that are not covered in tables within the main body of the Key Policy Insights. Recommendations that are new to this Survey are listed at the end of the Executive Summary and the relevant chapter.

Recent OECD research has shown how early warning indicators can be used to calibrate the uncertainty surrounding a central GDP forecast Invalid source specified.. Using a symmetric distribution of uncertainty based on historical forecast errors is insufficient as it ignores the inadequacy in predicting future severe downturns among macroeconomic forecasters. To address this shortcoming, the idea is to use a symmetric fan chart in normal times and a downward skewed fan chart when the estimated risk of a future downturn is high.