Significant national accounts revisions have drastically altered the economic growth picture for Denmark in recent years, with the economy now 5% smaller at the start of 2025 than previously thought. The new data also significantly revised down Q1 growth. This has resulted in us lowering our 2025 GDP growth forecast by 1.9ppts to 0.1% and raising our 2026 forecast by 0.5ppts to 1.9%.
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