Denmark cuts 2009 economic growth forecast to 0.7%
Denmark's Finance Ministry cut on Monday its forecast for economic growth next year to 0.7 percent from a prediction of 1 percent in February, but said the economy was well-positioned to weather the global slowdown. In its latest economic outlook, the government left its 2008 gross domestic product (GDP) growth forecast unchanged at 1.2 percent.
The 2008 public budget surplus was seen at 72.4 billion Danish crowns ($15.26 billion), up from 66.7 billion in February, helped by larger North Sea oil revenues. The 2009 surplus was seen at 53 billion, up from 51.5 billion in February. "Even though growth is dampened and employment falls, unemployment will continue to be historically very low -- so low that the pressure on wages will continue for some time," Finance Minister Lars Lokke Rasmussen said in a statement.
No comments:
Post a Comment