Denmark’s Economy Faces 2025 Growth Slowdown, Cabinet Says
- GDP growth forecast to drop to 1% in 2025, from 1.4% in 2024
- Economy fell into recession last quarter amid pharma decline
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The Danish economy, which has been bolstered by drugmakers like Novo Nordisk A/S, is likely to continue expanding through 2025 even as the pace is seen slowing, according to a new government forecast.
Gross domestic product growth will be 1.4% next year, then drop to 1% in 2025, the economy ministry said in a report on Tuesday. This year, the economy is expected to expand 1.2%. The estimates for this year and next remained unchanged from the previous outlook in August.