Danish GDP Grew More Than Estimated Last Quarter on Pharma Boost
- GDP expanded 0.3% in the second quarter driven by drugmakers
- Pharmaceuticals estimated to make up 5% of Danish economy
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Denmark’s economy grew at a faster pace in the second quarter than previously estimated as the pharmaceutical industry’s massive contribution helped the Nordic country avoid a recession.
Gross domestic product expanded 0.3% from the previous three months, Statistics Denmark said on Thursday. That’s up from a preliminary reading of 0.2% published two weeks ago.