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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
๊ฐ€์ž… March 2022
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Denmarkโ€™s ๐Ÿ‡ฉ๐Ÿ‡ฐ central bank raised its 2026 GDP growth forecast to 4% from 1.8%, largely due to stronger-than-expected pharmaceutical exports tied to Novo. The bank said $NVO's U.S. sales and production were the main driver of extraordinary pharma growth in the first half. One caveat: much of the production happens outside Denmark, so the headline GDP numbers overstate the improvement in domestic prosperity. Q2 GDP rose 4.6% YoY, while real gross national income increased just 0.2%. Growth is expected to slow to 2.3% in 2027 and 2% in 2028 as the pharma boost moderates.
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