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News in english 27. feb. 2009 KL. 10.42

Danish economy in nosedive

Private consumption has stopped up, shaving 2 percent off GDP in the fourth quarter.

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Danish GDP fell two percent in the fourth quarter of 2008 according to the latest statistics from Statistics Denmark, in particular as a result of a drop in private consumption.

Imports and exports also fell, dragging GDP for all of 2008 down by 1.3 percent.

Denmark is not the only loser. According to the new statistics the overall GDP for the European Union fell by 1.5 percent while GDP in the United States fell by one percent.

Car sales
Car sales are generally a good indicator of whether people are hanging on to their money; In the fourth quarter of 2008 car sales dropped no less than 23.8 percent. Other goods dropped 1.1 percent.

The new figures come the day after new unemployment figures showed an increase for the fourth month in a row. January jobless figures showed an increase of 5,000 with unemployment now at 2.3 percent.

Edited by Julian Isherwood

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Bangla Desh is a country hard hit by the whims of a changing climate. See the narrated series of pictures taken by Politiken’s photographer Jonathan Bjerg Møller.


Chapter 1: Nature’s laboratory
Chapter 2: Cyclone Aila’s victims
Chapter 3: The island without men
Chapter 4: The slum a lawyer owns
Chapter 5: The town that disappeared
Chapter 6: The story of Bangla Desh


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You are currently viewing the English section of Politiken.dk. The section provides the main stories of the day from Monday to Friday and is edited by Julian Isherwood.

Politiken is one of Denmark’s largest newspapers and has been published since 1884. The newspaper is owned by the Politiken Foundation and is part of the JP/Politikens Hus publishing group. Politiken is independent of all political parties and organisations.