Denmark Seen Cutting Growth Outlook as Russia Dispute Weighs

Denmark will probably cut its growth forecasts when it presents its budget outlook tomorrow as sanctions on Russia hurt companies such as brewer Carlsberg A/S, economists said.

Economists at Danske Bank A/S and Svenska Handelsbanken AB foresee that the government may lower its growth forecast for this year by 0.1-0.2 percentage point from the 1.4 percent predicted in May. The Social Democratic-led coalition, which faces an election by September 2015, will present new forecasts with a 2015 budget draft.