The Year 2009 might be remembered by the citizens of Denmark for all wrong reasons. After getting into recession in the first quarter, the Denmark economy has gone into a tailspin in the second quarter.
The official data released yesterday indicates a sharp 7.2% drop in GDP of Denmark in the second quarter of 2009. With the exports not showing any signs of recovery, and with the foreign visitors going down drastically, there is hardly any scope for a smart recovery in Denmark economy in the near future.