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Danish Economy Contracts
World Economy

Danish Economy Contracts

Denmark’s economy contracted in the third quarter as a drop in exports and stagnant domestic demand brought two years of expansion to an end, Bloomberg reported. Gross domestic product declined 0.1% from the second quarter following a 0.2% expansion in the previous period, the statistics office in Copenhagen said on Monday, citing preliminary data. Exports slipped 1.7% in the third quarter after plunging 2.9%. Household spending, which makes up close to half of Danish output, was unchanged in the three months to September after falling 0.1 percentage point.

 

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