Denmark’s economic prospects for 2025 have been significantly downgraded by the region’s two largest financial institutions, Danske Bank A/S and Nordea Bank Abp, citing dimming outlooks for Novo Nordisk A/S, a key driver of recent national output. In separate reports released Wednesday, both lenders now predict GDP growth of 1.8%, a sharp reduction from their earlier projections of 3.2%. The pharmaceutical company’s slowing momentum has raised concerns about broader economic resilience, particularly as its performance has heavily influenced Denmark’s recent expansion trajectory. The revision underscores growing caution among financial analysts regarding external demand and innovation cycles in the healthcare sector. n n— news from Bloomberg
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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. n nDanish 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.