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War in Ukraine will hit Danish growth, central bank says

© Reuters. FILE PHOTO: Danmarks Nationalbank Governor Lars Rohde holds a news conference on the Danish economy, in Copenhagen, Denmark, March 17, 2021. Ritzau Scanpix/Emil Helms via REUTERS

COPENHAGEN (Reuters) – The war in Ukraine will reduce Denmark’s economic growth by around 1 percentage point and increase inflation by about 2% this year, the Danish central bank said in a revised forecast published on Wednesday.

The central bank said it now expected the economy to grow 2.1% both this year and the next.

The bank “assesses that the war will reduce GDP growth by approximately 1 percentage point and increase inflation by about 2 percentage points this year,” governor Lars Rohde said in a statement.

War in Ukraine will hit Danish growth, central bank says

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