Denmark lowers 2016-17 GDP forecast
The Danish government lowered the country’s economic growth expectations for 2016 and 2017 on Tuesday. Growth in gross domestic product is expected at 1.1 percent in 2016, as against an earlier projection of 1.9 percent in its December 2015 report. Moreover, GDP growth is revised down from 2 percent to 1.7 percent in 2017, according to Denmark’s Convergence Program 2016 released by the nation’s finance ministry. The program, however, noted that the Danish economy is progressing despite moderate GDP growth.