In macroeconomics, contraction refers to a period of negative economic growth, characterized by a decrease in gross domestic product (GDP), typically accompanied by a rise in unemployment. A contraction is typically considered to be a recession, although there is no officially recognized definition of a recession in most countries. Are we in a contractionary period? … Read more

DKK (Danish Krone) Definition.

The Danish krone (DKK) is the official currency of Denmark, a Scandinavian nation located in Northern Europe. The Danish krone is also the official currency of the Faroe Islands and Greenland, two autonomous territories of Denmark. One Danish krone is divided into 100 øre. The krone was introduced in 1875, replacing the rigsdaler. The word … Read more