78206
Denmark Raises 2018 Outlook
Denmark Raises 2018 Outlook

Denmark Raises 2018 Outlook

Denmark Raises 2018 Outlook

Denmark raised its outlook for economic growth next year as the center-right government plans tax cuts it says will help raise productivity. Gross domestic product will expand 1.9% in 2018, compared with a previous estimate of 1.8%, according to government documents seen by Bloomberg and due to be published late Monday. A forecast for 2% growth this year was kept. The minority coalition of Prime Minister Lars Lokke Rasmussen is planning to push through tax cuts it says will encourage more people to join the workforce. The administration has yet to win the backing of the anti-immigration Danish People’s Party, on which it relies to stay in power. The group is trying to secure concessions designed to limit immigration in exchange for support for the tax bill. Separately, the government said it will raise the borrowing need for next year. The krone-denominated requirement will rise to 127 billion kroner ($20 billion) from an August estimate of 120 billion kroner, the finance ministry said on Sunday.

 

Short URL : https://goo.gl/8SzQ2A
  1. https://goo.gl/3YLkHJ
  • https://goo.gl/U1qWEV
  • https://goo.gl/1pBov2
  • https://goo.gl/aJSJe8
  • https://goo.gl/kYxBn2

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus