Denmark's share of the global economy shrinks – The Post



[ad_1]

According to new figures from the National Confederation of Industry, Dansk Industri (DI), Denmark's share of the world economy has declined recent decades.

The figures show that the Danish economy now accounts for 2.2% of the world economy, compared to 4.5% in 1980.

"Denmark has gone from minnow to a microbial nation. While a number of other economies, particularly in Asia, have made some progress, we are taking steps forward, "said DI Director Kent Damsgaard.

"We will never be a superpower, but by focusing on the situation of our societies, we can ensure that Denmark remains competitive in 10 or 20 years. We need to ensure that there are enough employees so that companies have the opportunity to grow and develop. "

READ ALSO: Denmark has the easiest business culture in the world

China soars
Damsgaard According to him, the "catching up" of emerging markets means that Denmark's share in the global economy will not grow in the coming years, but will offer Danish companies new markets to explore.

Established and mature economies such as the EU and the US are in the same situation as Denmark. The EU's share of the global economy has increased from 30 to 16% since 1980, while the United States has gone from 22 to 15%.

Meanwhile, China has experienced significant growth from 2.3% to 19% over the same period.

"In four decades, China has become the largest economy in the world. It's an impressive story of growth and something that will have an economic and political impact on the world over the next few decades, "he said. Damsgaard.

[ad_2]
Source link