National Bank of Denmark sees "major challenges" for Greenland’s economy
Greenland is experiencing an economic boom, but needs to diversify its economy, central bank says
Greenland needs to diversify its economy if it is to continue its rapid growth, the National Bank of Denmark warns in a report published on August 16.
The independent country within the Kingdom of Denmark has a population of just 56,000, and has been enjoying an economic boom driven largely by successful fishing. The Danish central bank fears this activity may not be sustainable as fish stocks deplete, and says Greenland must focus on improving education and bringing fiscal policy onto a more
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