Central Banks
Novo Nordisk Exports Brighten Danish GDP View at Central Bank
- Nordic economy seen growing 1.7% in 2023, 1.3% in 2024-2025
- Pharmaceutical industry drives most of the expansion this year
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The success of Novo Nordisk A/S and other Danish drugmakers abroad prompted the country’s central bank to raise its economic growth forecast through 2025.
Gross domestic product will probably expand 1.7% in 2023, up from a March estimate of 0.9%, the central bank said on Wednesday. The Danish economy is then set to grow by 1.3% in both 2024 and 2025, versus the previous forecast of 1.2%.