Macro - Country Economic Forecasts - Denmark
We've raised our 2025 GDP growth forecast for Denmark by 0.3ppts to 2.1%. The economy grew stronger than expected in Q2 and Q3, lifting our growth forecast for next year. Pharmaceutical production is slowing down heading into 2025, but recovering consumer purchasing power and a favourable policy mix should allow the non-pharma economy to gain traction in H1 2025. GDP has likely contracted in Q4, but we still estimate GDP growth of 2.8% in 2024, slightly faster than 2.5% in 2023.
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