Denmark's central bank: Some banks will go under if the crisis lasts

If the setback is very large and long-lasting, some banks will experience problems and need crisis assistance, the central bank writes in a new report about the Danish economy.

Photo: Jens Dresling/Ritzau Scanpix

A new report from Denmark's central bank gives three scenarios for the Danish economy. For the year as a whole, growth is expected to be between -3 and -10 percent.

The central bank emphasizes that its predictions are exceptionally uncertain due to the nature of the coronavirus, where macro-economic models are failing to convey the crisis.

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