More exports, but no new jobs

Sep 14, 2013

A solid increase in export levels is unlikely to lead to job growth before 2015, according to Danmarks Eksportråd, a Foreign Ministry export agency.

Sales of goods and services abroad are expected to improve by 29 billion kroner in 2014, but the increase will likely do little to replace any of the 100,000 jobs lost by exporters since 2008.

The Trade Ministry calculates that each billion kroner of additional exports creates up to 700 jobs, but with companies focused more on competitiveness, they have been reluctant to add employees, according to DI, a business lobby.

Børsen

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