Denmark's economic growth is forecast to slow for the second consecutive year in 2012, the Economic Council said Thursday.
The economy is set to expand 1.1 percent next year, slower than the 1.3 percent growth estimated for 2011, the council said. The gross domestic product rose 1.7 percent in 2010.
The accumulated growth forecast for the period 2011-13 has been lowered by more than 2 percentage points, compared to the assessment in Danish Economy, spring 2011.
The public deficit is likely to rise to DKK 84.2 billion in 2012 from an estimated DKK 72.5 billion this year, the council assessed.
In an annual Banking System Outlook on Denmark, Moody's on Wednesday said the Danish banking system's outlook remains negative. It reflects sector performance that will continue to be negatively affected by the country's operating environment through sluggish economic activity, stagnating credit growth and falling property prices.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.