Macro - Country Economic Forecasts - Denmark
We've raised our 2024 GDP growth forecast for Denmark by 0.8ppts to 2.4%. Growth for Q2 was revised up significantly in the final national accounts data, lifting the annual growth rate for 2024. Strong pharmaceutical and maritime exports meant net trade provided a boost to growth, while domestic demand contracted. Incoming retail and survey data continue to suggest the non-pharma economy is at a turning point. We've trimmed our 2025 GDP growth forecast to 1.8%.
- Denmark: The government's 2025 Budget is mildly expansionary
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy and politics
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