📈🇩🇰 Denmark lifts GDP outlook, fueled by Novo Nordisk's success

Tickers of interest: $NVO (-18,32%)

Denmark revised its 2024 GDP growth forecast to 3.0%, up from 1.9%, citing strong contributions from the booming pharmaceutical sector, led by Novo Nordisk.

The company, known for its weight loss and diabetes treatments, has driven significant employment and export growth, accounting for one-fifth of recent job gains.

GDP growth for 2025 is projected at 2.9%, with a moderation to 1.7% expected in 2026 as the economy diversifies further.