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The strong rebound of the Danish economy in Q3 (0.8% q/q) was reversed by a 0.7% fall in Q4 as subdued demand from the euro zone led to a slump in exports. Consumption remained weak due to deleveraging by households and modest rises in unemployment. Recent surveys suggest that the economy will slow further, with manufacturing PMI falling to 52.5 in March from 60.5 in February due to lower export orders, although recession is highly unlikely.
Source : Cushman & Wakefield
