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Denmark to raise growth forecast to 3.8% for 2021

Bloomberg Denmark will raise its 2021 economic growth forecast to 3.8% from 2.4% seen in May as the Nordic nation recovers faster than expected from the pandemic, according to documents seen by Bloomberg. The government will lower its 2022 gross domestic product growth estimate to 2.8% from 3.6% to reflect improved outlook in the 2021 base year, according to the ...

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US consumer sentiment falls to near-decade low in August

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Bloomberg US consumer sentiment remained weak in late August amid ongoing concerns over inflation and the coronavirus pandemic. The University of Michigan’s final sentiment index falls to a near-decade low of 70.3 during the month from 81.2 in July, data showed. The figure was in line with the preliminary reading and just below the median estimate of 70.8 in a ...

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Polish inflation soars to 5.4% in August

Bloomberg Polish inflation surged to its highest level in two decades, piling pressure on policy makers to ditch their dovish stance and increase interest rates in the coming months. Consumer prices rise 5.4% from a year earlier in August, after a 5% increase in July, according to data. That exceeded the 5.1% median estimate in a Bloomberg survey. The Monetary ...

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