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In page Next Generation EU:

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Denmark was one of the first states in Europe to act decisively against COVID-19 by declaring a national lockdown and closing its national borders. In the first half of 2020, the Danish economy was badly affected. As a small country with an open economy and a structural balance of payments surplus, Denmark's economy is heavily dependent on foreign trade. As such, the country recorded its deepest fall in GDP in the first half of 2020 (−7.7% per year in Q2 alone) due to the COVID-19 crisis.[3] Since the initial spread of the coronavirus in Denmark was essentially under control, the Danish economy could withstand the worldwide crisis caused by COVID-19 relatively firmly.[citation needed]