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Denmark Lowers 2025 Growth Forecast Amid Economic Challenges

9/7/2025

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Summary

Story summary

Denmark's central bank will reduce its 2025 economic growth forecast due to weaker sales at Novo Nordisk and US tariffs.
Governor Christian Kettel Thomsen deemed the previous 3.5% growth prediction unrealistic.
Economic performance may now align more closely with moderate EU trends.
Q1 contraction stems from lower pharmaceutical output, with US tariffs potentially lowering GDP by 0.5%.
Novo Nordisk's sales growth remains steady, despite current challenges.

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Story summary

Denmark's central bank will reduce its 2025 economic growth forecast due to weaker sales at Novo Nordisk and US tariffs.
Governor Christian Kettel Thomsen deemed the previous 3.5% growth prediction unrealistic.
Economic performance may now align more closely with moderate EU trends.
Q1 contraction stems from lower pharmaceutical output, with US tariffs potentially lowering GDP by 0.5%.
Novo Nordisk's sales growth remains steady, despite current challenges.