Denmark cuts growth forecast for 2018-2019

Bloomberg

Denmark’s government cut its forecast for economic growth this year and the next, voicing concern over cooling international trade and uncertainty about Britain’s exit from the European Union. Denmark expects growth to slow further in 2020, according to a document seen by Bloomberg.
Weaker global trade will hit the Danish shipping industry and limit exporters’ access to key markets, the government said, cutting estimates for sales to Sweden and Germany, the country’s biggest export markets.
“The biggest risk from trade protectionism isn’t lower growth short term, but the persistent loss of benefits from international trade,” the government said in the document. Denmark generates about half of its output from international trade, making Brexit “a particular risk.”