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Summary, 26.05.2020 - Warnings about shutting down Denmark disappeared from final report.


TODAY'S BULLETS

  1. Warnings about the consequences of shutting down Denmark disappeared from a central report briefly before the Prime Minister did shut down Denmark. The warnings entailed that such a shutdown of the country could be more harmful than beneficial and that there was no proper documentation that shutting down would impact the infection spread.

  2. The Danish economy is expected to drop with 5.3 % this year due to the corona-crisis, the export with 8.1 %, while 50.000 more have become unemployed.

  3. The help-packages must begin to be phased out. A new report comes out tomorrow from three economical wise men, which will make the foundations for discussions in the government.

  4. All Danish clinical trials (5) with hydroxychloroquine will be stopped immediately, informs the Danish Medicine Agency. This happens after an international survey indicated that the drug doesn’t have a beneficial effect on corona-patients, but instead increases the risk of dying.

  5. Blood banks will no longer test for antibodies against coronavirus. The test kits Livzon has been returned to China since the results aren’t as accurate as the ones that have been used before.

  6. The Danish authorities were warned in 2017 in a report about the consequences of a virus-pandemic similar to the one we’ve seen with the coronavirus. One of 13 scenarios was a new disease different than the flu, which could overload the healthcare system and increase the need for intensive care beds. It will lead to sickness among the employees and harm the economy, says the report.

  7. All the SIRI-centres West of the Great Belt Bridge have reopened again or will do so tomorrow. The centres in question are Aarhus, Aalborg, Odense and Aabenraa. Appointments need to be made ahead through this link. Copenhagen is still closed for now.

The Minister of Finance, Nicolai Wammen / Foto: Philip Davali/Ritzau Scanpix

PRESS CONFERENCE WITH THE MINISTER OF FINANCE - THE ECONOMICAL PRESENTATION

PRESENT

  • Minister of Finance - Nicolai Wammen

BRIEF

  • The Danish economy is expected to shrink with 5.3 % this year as a result of the corona-crisis.

  • The Danish export is expected to drop with 8.1 % this year.

  • The unemployment has risen with almost 50.000 people but it would have been worse without the help-packages.

  • The help-packages has been the right medicine when we shut down Denmark, but must now be phased out.

  • A report will be presented tomorrow, and then we will evaluate whether to extend the help-packages beyond the 1st of July.

  • The bill can end above the 400 billion kroner if the packages are extended or further initiatives are made.

SUMMARY

  • The Danish economy is expected to shrink with 5.3 % this year as a result of the corona-crisis. "It is a hard setback, which will be felt in the Danish society. We expect that we can pick up some of the losses in 2021 with a growth of 4 %," said the Minister.

  • We are well equipped to handle this crisis, but we are without a manual on how to do this. We are going in the right direction.

  • It is now time to make a political change of track. The help-packages has been the right medicine when we shut down Denmark. But now they must be phased out.

  • We don't know whether the packages will be extended after the 1st of July. Tomorrow there will be a presentation from three economical wise men (vismænd), which will contain their advice on how to phase out the help-packages in a smart way. After that will the government estimate what to do.

  • Unemployment has risen the last three months with almost 50.000 people. That's a big increase, but without the help-packages would the numbers have been larger.

  • The Danish export is expected to drop with 8.1 % this year, given that there are many other countries that aren't standing in such a beneficial place as Denmark. The prognosis for 2021 is looking a bit more positive, but the numbers have a huge level of insecurity.

  • We're in a phase where we are looking at a recovery of the economy in the long-run. This must be seized as an opportunity to make Denmark greener. The help-packages was a 100-meter sprint, but now we must start with the marathon to recover our economy. There is no quick fix.

  • The bill can end above the 400 billion kroner, that has currently been allocated to the help-packages if the need exists for putting into action further initiatives to keep the hand under Danish companies and workplaces and increase growth. The bill can also become higher if the packages are extended.

  • The crisis is making the task of proper welfare for all more difficult: "The corona-crisis is making this task even more difficult. But it doesn't change that since there are more old and young people in the coming years, we also have to look out for their welfare. We will discuss this with the municipalities and the regions in the future negotiations regarding the economy."

POLITICS AND ANNOUNCEMENTS

  • Warnings about the consequences of shutting down Denmark disappeared from a central report briefly before the Prime Minister did shut down Denmark. “There is generally no proper documentation for the preventional effect on infection spread by these initiatives,” did it say in the original draft, according to Ekstra Bladet. The draft was shared between Kåre Mølbak, Director in the SSI, and Søren Brostrøm, Director in the SST. There were further warnings that such a shutdown of the country could be more harmful than beneficial. But these warnings weren’t part of the report that was published the day before the shut down of Denmark was launched.

  • All the SIRI-centres West of the Great Belt Bridge have reopened again or will do so tomorrow. The centres in question are Aarhus, Aalborg, Odense and Aabenraa. Appointments need to be made ahead through this link. Copenhagen is still closed for now.

  • The Ministry of Finances has informed that the Danish state needs further economical injections of 200 billion kroner in order to be able to pay the various compensation packages. The need is a total of 294 billion kroner, and the sate already has around 90 billion kroner "on the account". This is 207 billion kroner more than was expected at the end of 2019.

  • The Danes who are stranded abroad with a foreign car will be given another two months to drive home to Denmark, without being affected by taxes, says the Ministry of Taxation.

  • The Swedish Minister of Foreign Affairs is encouraging Denmark to fully reopen the border to Sweden. She says that she can understand if people in Skåne are frustrated about the continued closure of the Danish border: “I think, that they in Denmark should look at how the situation is like in Skåne. Is it really the case, that you risk having more infection spread in Denmark if there are people Skåne entering the country?” she says to the Swedish news company TT.

  • Rungsted Havn and Bellevue north of Copenhagen is now off the list of hotspots.

  • 11 people have been charged Tuesday evening for having violated the assembly ban in Munke Mose in Odense.

  • 17 people have been charged Tuesday evening for having violated the assembly ban at Nordstranden in Kerteminde. 11 managed to outrun the police, so the remaining six were given fines of 2.500 kroner.

HEALTH-RELATED INFORMATION

  • 11.428 have tested positive, 41 more than yesterday (Expect large dark numbers since we haven't been testing everyone with symptoms from the start, ed.).

  • 112 are hospitalised with corona-virus, 4 fewer than yesterday.

  • Of those 112 are 23 in intensive care, 3 more than yesterday.

  • Of those 23 are 14 in respirators, 2 fewer than yesterday.

  • 563 Corona-infected residents in Denmark have died, the same as yesterday.

  • 467.009 have been tested for corona-virus (+8.704) with 11.428 positives (2.45 % positives), a drop of 0.03 %-point from yesterday (We are testing more, so we are getting closer to the real percentage of infected people in the society)

  • 10.044 are reported as healthy again, after having been hospitalised with corona-virus, 80 more than yesterday.

  • All Danish clinical trials (5) with hydroxychloroquine will be stopped immediately, informs the Danish Medicine Agency. This happens after an international survey indicated that the drug doesn’t have a beneficial effect on corona-patients, but instead increases the risk of dying.

  • Blood banks will no longer test for antibodies against coronavirus. The test kits Livzon has been returned to China since the results aren’t as accurate as the ones that have been used before. Whether this practice will resume if proper reliable tests are given hasn’t been stated.

  • 25.000 people were tested for coronavirus last week where it has been possible to be tested without a referral from the general practitioner. This is half of the capacity available. However, it should be noted that it wasn’t until late in the week that the possibility to be tested was opened for all adults above 18 years of age.

  • The corona-ward in Herning at the Hospital Unit West (Hospitalsenheden Vest) has been closed down, due to very few cases of hospitalized patients with coronavirus. Those can now be handled in the normal operating procedures at the hospital.

OTHER INFORMATION

  • The Danish authorities were warned in 2017 by the Danish Emergency Management Agency (Beredskabsstyrelsen) about the consequences of a virus-pandemic similar to the one we’ve seen with the coronavirus. This was done in one of their regular risk reports “National Risk Image”. The report listed 13 various scenarios of potential risks, where one was a new disease different than the flu, which could overload the healthcare system and increase the need for intensive care beds. It will lead to sickness among the employees and harm the economy, says the report.

  • The reopening of the Danish economy is having a clear impact on the Danish consumption, which is closing up to a normal level again, says Danske Bank in its latest estimation of the Danish consumption. Particularly the consumption at restaurants were increasing significantly last week. In the holidays of the Ascension of Christ from Wednesday to Sunday, last week did we still, however, spend 30 % fewer money on dining out compared to last year.

  • Nordisk Film will reopen 11 out of its 23 cinemas on Friday. Specifically, it’s the cinemas in the capital-region, Aarhus, Odense, Aalborg, Esbjerg, Herning and Kolding. The remainder will open at a later point.

  • The traffic company Movia is bleeding as a result of the corona crisis. The company has increased its credit account from 100 million to 330 million kroner during May, but there won’t be any more money in August. The company will, as a result, ask its owners, the 46 municipalities and the two regions in East Denmark, at a board meeting today to push forward a series of on account-payments for the remainder of 2020.



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