Denmark’s Economy Contracts, Dragged Down by Lower Pharma Sales

What's in store for Denmark's economy during the rest of 2025?

The Danish government’s latest economic projections were published on Wednesday, predicting overall growth by the end of this year despite global instability and a slow start to 2025. Wages and employment could also grow both this year and in 2026.

Denmark’s Economy Contracts, Dragged Down by Lower Pharma Sales

Denmark’s economy shrank in the first quarter, dragged down by lower drug sales, underscoring the Nordic nation’s increased dependency on its large pharmaceutical sector, which is led by Novo Nordisk A/S.

Decline in production in the pharmaceutical industry is dragging down exports and sending growth into negative territory, national accounts show.

Latest from Denmark, Europe’s pharma footprint shrinking

A sharp contraction in Denmark’s economy has spotlighted the EU’s overdependence on a shrinking number of pharmaceutical giants, a weakness long flagged in…

Danish growth plunges significantlyGross domestic product (GDP) fell by 0.5 percent in the first quarter of 2025, when adjusted for price developments and seasonal movements. The decline in the first quarter is mainly due to the decline in