COPENHAGEN, May 12 (Reuters) – Denmark’s economy could grow as much as 3.4% this year despite the negative effects of the war in Ukraine and record-high inflation, the country’s finance ministry forecast on Thursday according to business daily Borsen.
“Although we must expect a slowdown in the Danish economy during this year, the level of activity will continue to be high,” Finance Minister Nicolai Wammen said in an economic report seen by Borsen, set to be published later on Thursday.
The forecast is a considerable upgrade to an estimate released by the ministry in March, in which the economy was expected to grow 1.6% in a medium risk scenario.
However, in a scenario where the supply of Russian gas to Europe is cut off, the ministry only expects economic growth of 2%, according to Borsen.
The ministry expects inflation to rise 6.1% this year in its main scenario, Borsen reported, up from its March forecast of 4.5%.
The Danish central bank said in March it expected the economy to grow 2.1% this year.
President Volodymyr Zelenskiy said that Ukraine had submitted a revised application to join the Organisation for Economic Co-operation and Development (OECD), a club of mostly advanced...
Installers of air conditioning units will be obliged to tell customers how energy efficient these systems are, under a European Union law proposed on Wednesday, in an attempt to help pe...
Updated 1130
Foreign Demand Fuels Strong Growth in Gozo Tourism Sector Despite Rising Costs: Gozo’s tourism sector enjoyed a strong 2025, with 56% of operators reporting improved busi...
Updated 1200
Parliament Opens New Legislature with Government, Opposition Setting Out Priorities: Malta’s 15th legislature since independence opened with MPs outlining their prioritie...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
Reference is made to the road traffic incident involving one of our buses on 18 June 2026 in Mosta, during which our bus driver sustained serious injuries. We would like to express our s...
Oracle shed about 21,000 roles globally in the last year as the US technology giant reshapes its business around artificial intelligence (AI), the firm's latest annual report shows.
T...
The European Parliament has approved a major new initiative aimed at reducing workplace accidents and strengthening worker protection across the European Union, as concerns continue to g...
The European Union has approved new rules aimed at tightening the screening of foreign investments in strategic sectors, marking a major shift in Europe’s approach towards economic secur...
Reference is made to the road traffic incident involving one of our buses on 18 June 2026 in Mosta, during which our bus driver sustained serious injuries. We would like to express our s...
GO ENERGI is offering households the opportunity to take advantage of the Government’s current grants to support PV systems and battery storage through a range of solar energy solutions ...
The U.S. and Iran released the text of an interim agreement their presidents have signed to end their war on Wednesday, with U.S. President Donald Trump threatening to resume attacks and...
U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Te...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
President Volodymyr Zelenskiy said that Ukraine had submitted a revised application to join the Organisation for Economic Co-operation and Development (OECD), a club of mostly advanced...
Moscow has come under the largest Ukrainian attack since the start of the full-scale war, with close to 200 drones hitting targets around the Russian capital and setting columns of thick...
