Denmark raises economic outlook for 2018 as tax cuts planned

Denmark raised its outlook for economic growth next year as the centre right government plans tax cuts it says will help raise productivity

Gross domestic product will expand 1.9 percent in 2018, compared with a previous estimate of 1.8 percent, according to government documents seen by Bloomberg and due to be published on Monday. A forecast for 2 percent 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. Separately, the government said it will raise the borrowing need for next year. The krone-denominated requirement will rise to 127 billion kroner from an August estimate of 120 billion kroner.

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29. 12. 2017