Danish Consumer Confidence Falls to Lowest Since 2008 on War
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Denmark’s consumer confidence index dropped to the lowest level since the financial crisis of 2008 as the sentiment was hit by the war in Ukraine, adding concerns about potential stagflation.
The index fell to minus 14.4 in March, from minus 3.2 in February, Copenhagen-based Statistics Denmark said in a statement on Wednesday. The biggest drop was in the subindex measuring confidence in the condition of the national economy in a year from now.