Danske Bank Slashes Danish Growth Outlook Over Novo Nordisk Woes

(Bloomberg) – Denmark’s largest lending has reduced the country’s economy estimation among the weaker expectations for Novo Nordisk A/S, a drug giant, which has been supporting growth in recent years.

According to a report published on Wednesday, Danske Bank A/s expects the Denmark economy to expand 1.8% in 2025 from the projection of 3.2% in June. The Bank said that Novo reflects lower expectations for the growth of NOVO and its national Statistics Office for revisions in historical data.

In 2026, economic growth added that it was slower than previously predicted, but it was slower, although it took up to 2.3%.

Novo Nordisk has reduced sales and profit guidance twice this year in the midst of the rise of the imitating versions of Wegovy and Ozempic’s Wegovy and Ozempic, which broke condensed competition and box office records in the United States. Stocks in the drug producer have strengthened consumer feelings in the AAA -rated Scandinavian economy, dropping about two -thirds of the last year’s summit. There is large -scale business losses and a wider slowing down.

He said that the economy in neighboring Sweden will grow by 1.1% this year before accelerating 2% in 2026 and will be set for calendar effects, such as the turbulence caused by the unpredictable US trade policy.

Danske Bank will make a deduction of 25 basic interest rates this year to support improvement as an increase in price prints during the summer facilities of the Swedish Central Bank. Danske had previously waited for rates that did not change at 2% until the middle of 2026.

“Currently, inflation is very high for new ratio deductions, but now we expect Riksbank to reduce its policy rate to 1.75% in November, as inflation expectations are now improved and the use of resources is low.” He said.

In Norway, economic growth except the coastal oil and gas sector will probably accelerate up to 1.9% this year, and 1.7% expected before is expected before. It kept the forecast for next year as 1.6%and helped with 125 basic money -making points until the end of 2026.

With the help of Ummelas.

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