Danish central bank slashes growth forecast and predicts higher inflation

Lars Rohde

The National Bank of Denmark drastically revised down its growth forecast today (September 21).

The central bank now expects GDP to decline by 0.1% in 2023, and to rise 1.2% in 2024. The institution’s previous forecast foresaw a 2.1% expansion in both years.

Additionally, the central bank increased its inflation projections. It now expects inflation to stand at 8.6% this year, 4.3% next year and 1.7% in 2024. The central bank’s inflation target is below – but close to – 2% in the medium term.

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