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1. Fiscal sustainability<br />
Two big challenges for Denmark in<br />
<strong>the</strong> coming years<br />
– It will be an ongoing fight to avoid big and increasing<br />
public debt<br />
2. Reasonable growth rates<br />
– Denmark seems to have a structural problem in<br />
generating productivity growth<br />
• The first challenge is <strong>the</strong>re for sure. The “size” <strong>of</strong><br />
<strong>the</strong> second challenge is more uncertain – but <strong>the</strong><br />
implications <strong>of</strong> sustained low growth rates are very<br />
serious