In 2020, the shadow of the novel coronavirus (COVID-19) pandemic loomed large over Denmark, causing widespread public anxiety about the impending economic impact. Surveys conducted during this period captured general sentiment, with 52% of respondents expressing high levels of concern in April 2020. At the same time, 37% expressed moderate concern about the economic impact on Denmark.
Changes in national sentiment
However, the following month, May 2020, Danes’ level of concern decreased slightly as the country moved through the crisis. The survey showed a more balanced distribution of concern levels, with 41% of respondents saying they were either very concerned or somewhat concerned. Remarkably, only 3% of the population reported being completely indifferent about the economic impact of the pandemic.
Denmark’s economic resilience
Contrary to concerns, Denmark’s economy has shown remarkable resilience in the face of the coronavirus crisis, recovering quickly. The following two years saw a slowdown in economic activity associated with soaring energy prices and rising costs of living. However, the country’s standard of living remained high, supported by carefully designed policies.
OECD Economic Survey of Denmark
The Organization for Economic Co-operation and Development (OECD) is scheduled to release its latest economic survey for Denmark. This comprehensive study examines the country’s economic performance, proposes policy recommendations to reduce long-term risks to the country’s social model, and provides a roadmap for the future.
The survey highlights the deep anxiety Danes experienced during the early stages of the COVID-19 crisis and its potential impact on the national economy. Even as Denmark moves towards economic stability and growth, the events serve as a stark reminder of turbulent times.