Denmark’s economic growth is feeling the strain as Novo Nordisk, the pharmaceutical giant known for its diabetes and obesity medications, faces mounting pressures. While the company has enjoyed global demand for its weight-loss drugs like Wegovy and Ozempic, recent operational and market challenges have begun to ripple through the national economy. As one of Denmark’s largest companies by market capitalization and a major exporter, Novo Nordisk’s performance significantly influences the country’s GDP trajectory. Analysts note that despite strong sales in North America, supply constraints, increased competition, and regulatory scrutiny in key markets have slowed momentum. This deceleration comes at a time when Denmark’s broader industrial sector is already navigating high energy costs and tighter monetary policy. The Danish government has acknowledged that reliance on a single corporate powerhouse carries risks, especially as global demand fluctuations could further impact export revenues. While employment and innovation in the life sciences sector remain robust, economists warn that without diversification, Denmark’s growth may remain vulnerable to shocks within its flagship industries.
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Novo Nordisk’s Woes Are Slimming Denmark’s Economic Growth The New York Times