Economics
Denmark Raises 2022 Economic Forecast on Strong Labor Market
- GDP is expected to expand 3.4% in 2022, according to document
- Danish finance ministry is due to present forecasts Thursday
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Denmark is raising its economic growth forecast for 2022 as the Nordic country’s strong labor market will help the economy overcome most global headwinds, according to government documents seen by Bloomberg News.
Gross domestic product will likely expand 3.4% this year, up from the government’s main scenario in March of 1.6%, the documents showed. The economy will grow 1.9% next year, down from 2.3% in the finance ministry’s March forecast. The government is scheduled to present the forecasts at a press conference on Thursday in Copenhagen.