Nordic Banks Slash Danish Growth Outlook as Novo Hits Brakes

The two largest lenders in the Nordic region slashed their forecasts for Denmark’s economy amid weaker prospects for Novo Nordisk A/S, the pharmaceutical giant that has underpinned output growth in recent years.

Danish gross domestic product will expand 1.8% in 2025, Danske Bank A/S and Nordea Bank Abp forecast in separate reports published on Wednesday. Both banks had previously projected 3.2% growth.