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Denmark Cuts Economic Outlook as Brexit Fallout Leaves Mark
Denmark’s government cut its growth forecasts for this year and next as Scandinavia’s smallest economy struggles to cope with international headwinds exacerbated by Britain’s decision to leave the European Union. Gross domestic product will expand 0.9 percent in 2016, compared with a May forecast for 1.1 percent, according to government documents seen by Bloomberg. GDP in 2017 will grow 1.5 percent, versus the 1.7 percent predicted just three months ago. The revised outlook is due to be published on Tuesday in Copenhagen. “Overall, the growth outlook for the international economy has been downgraded slightly ... (full story)