Today’s news / Danish economy’s surprise growth
It is an optimistic Minister of Economy, Stephanie Lose (V), who on Thursday presents the Economic Report with an expectation of growth in the Danish economy. Photo: Liselotte Sabroe/Ritzau Scanpix

Danish economy’s surprise growth

Denmark’s economy is expected to grow by 2.7% in 2024 and 1.8% in 2025, with inflation stabilizing at 2% in the same period, according to the Economic Report by Economy Minister Stephanie Lose. This outlook marks an upgrade from previous forecasts in December. Employment may dip by 5,000 over two years, despite growth forecasts. Pharmaceutical exports, particularly by Novo Nordisk, have been pivotal for economic gains, and future advances are expected to be more diversified. Lose remains optimistic about a ‘soft landing’ for the economy, highlighting faster-than-anticipated inflation reduction and potential increases in Danes’ purchasing power. The report did not address adjustments to the fiscal space, but further announcements are expected to follow.