Den­mark low­ers 2016-17 GDP fore­cast

China Daily (Canada) - - BUSINESS -

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.

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