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In page Next Generation EU:

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Before COVID-19, the Danish economy had a solid industrial and trade base, lacking significant macroeconomic inequalities. As a result of the COVID-19 crisis that broke out in Europe in general, and Denmark in particular, the positive trends of economic development came to an unpredictable halt in early March 2020, causing a financial crisis that needed a rapid response.[2] Due to the measures taken by the Danish government in a timely manner to curb the spread of the epidemic, the economy experienced a sudden slowdown followed by a decline.[citation needed]