CPH Post

Business

Return to growth




June 6, 2014
11:28

by The Copenhagen Post


The economy grew in the first quarter of 2014 as the GDP increased to pre-financial crisis levels. The 0.9 percent growth followed a drop of 0.5 percent in the final three months of 2013. Compared to Q1 2013, GDP was 1.4 percent up.

ECB's a copycat
When it meets on Thursday, the European Central Bank may decide to adjust the official interest rate to negative figures. The Danish central bank adopted this move in 2012 in order to maintain the exchange rate during the euro crisis. Some commentators argue that the negative rate could encourage exports and spur lending.

Krone is "bullish"
According to Futuresmag.com, the krone is “looking bullish” against the US dollar. It broke out of a 14-month falling wedge earlier this month, creating a ‘Bullish Engulfing Candle’, signifying “a strong shift from selling to buying pressure and foreshadowing the rally we’ve seen throughout the month of May”.