COPENHAGEN, June 14 Denmark's central bank on
kept its forecasts for economic growth in 2012 to 2014 steady on
Thursday and said low interest rates could fuel a
faster-than-expected recovery in private consumption.
The Nationalbank reiterated that it saw gross domestic
product (GDP) growth of 1.2 percent this year, and growth
picking up to 1.6 percent and 1.7 percent in 2013 and 2014
The figures are from the Nationalbank's new quarterly review
of monetary conditions and the economy.
"Experience from earlier economic cycles has shown that
confidence can quickly return," central bank Chief Nils
Bernstein said in a statement with the report, referring to the
effect of low interest rates.
"This can mean that the rise in private consumption and
private investments can come back faster and be stronger than
forecast," Bernstein said.
(Reporting by Mette Fraende)