The logos of Danish drugmaker Novo Nordisk, shaper of the blockbuster diabetes and weight-loss treatments Ozempic and Wegovy is seen extracurricular theri gathering arsenic the institution presents the yearly study astatine Novo Nordisk successful Bagsvaerd, Denmark, connected February 5, 2025.
Mads Claus Rasmussen | Afp | Getty Images
Denmark connected Friday slashed its yearly maturation forecast to 1.4% from 3%, successful ample portion owed to weaker expectations for pharmaceutical elephantine Novo Nordisk.
Denmark has recorded beardown yearly maturation successful caller years, with its system expanding 3.7% past year, boosted successful ample portion by pharmaceutical exports.
Danish pharma elephantine Novo Nordisk makes blockbuster value absorption drugs Ozempic and Wegovy.
The system ministry noted that Denmark's U.S. exports fell importantly successful aboriginal 2025 aft a immense spike successful precocious 2024, owed to some inventory build-up and accrued contention successful the value nonaccomplishment cause market, which has seen Novo suffer marketplace share.
Generic medicines are besides squeezing income opportunities successful the U.S., it said.
Europe's pharmaceutical assemblage has been rocked this twelvemonth by the threat of sky-high U.S. tariffs, though immoderate certainty has present been provided by the EU-U.S. commercialized deal.
The Danish system ministry said U.S. tariffs had besides weighed connected its maturation forecast.
"Growth successful the archetypal 4th of 2025 has besides been weaker than antecedently expected. Together with the American tariff increases and downwardly adjusted expectations for the pharmaceutical industry, this has fixed emergence to a important downward accommodation of the estimation for GDP maturation successful 2025," it said successful a statement, according to Google translate.
The ministry stressed, however, that contempt the little maturation forecast, its system remains beardown overall, with precocious employment and ostentation expected to beryllium beneath 2% connected an yearly basis.
It meantime revised its maturation forecast for 2026 higher, to 2.1% from 1.4%, connected expectations for higher backstage and nationalist consumption.
This is simply a breaking quality communicative and volition beryllium updated shortly.
English (US) ·