section_path: Impact by region or country/Europe/Denmark
section_name: Denmark
paragraph_text: Denmark
  
  The Danish economy experienced low GDP growth before the coronavirus outbreak in 2020. The Danish economy contracted in quarter 1 of 2020 as the GDP growth transitioned from 0.4% in quarter 4 of 2019 to -0.8% in quarter 1 of 2020 due to the deadly pandemic. Following the dip in GDP in quarter 1 of 2020, another decline came in quarter 2 as it went from -0.8% to -5.9% which resulted in a deep recession. The recessionary period in 2020 did not last long as the GDP growth skyrocketed from -5.9% in quarter 2 to 6.0% in quarter 3. Though Denmark's economy did manage to make it out of the recession, the rapid growth resulted in an expansion in quarter 3 of 2020 increasing inflation. In quarter 4 of 2020, the economy contracted from 6.0% to 0.0% dropping inflation slightly. The GDP of Denmark did rise somewhat in quarter 1 of 2021 to 0.9%. Denmark experienced low inflation from 2019 to 2021, reaching a point where the economy experienced an inflation rate of 0% during the peak of the pandemic. This, in turn, caused deflation in the second quarter of 2020. Denmark experienced a moderate to high unemployment rate. As of quarter 4 of 2019, it went from an unemployment rate of 5% to an unemployment rate of 6.4% in quarter 1 of 2021. The GDP, unemployment rate, and inflation rate mirrors the fluctuating economy of Denmark displayed during the start, middle and end of the pandemic.