Outlook lowered: S&P adjusts outlook for Austria – from “Positive” to “Stable” | news
On Friday evening, S&P also confirmed Denmark’s rating of “AAA/A-1+” with a stable outlook. The war in Ukraine has hardly had any negative impact on the Danish economy. The country will feel the consequences indirectly, but nonetheless, in the form of higher inflation and lower exports. An economic slowdown in the country’s most important trading partners is likely to slow down the Danish economy this year and next. However, thanks to the strong economic recovery last year, the government in Copenhagen achieved a high budget surplus and reduced the proportion of debt in relation to gross domestic product. This means that Denmark has a buffer that can cushion the negative impact of the war on the Danish economy.
FRANKFURT (Dow Jones)
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