Denmark’s economy expanded rapidly in the fourth quarter as Novo Nordisk A/S and pharmaceutical peers ramped up production, while revised data show the Nordic country avoided a technical recession earlier in 2023.
Gross domestic product rose 2% from the previous three months, Statistics Denmark said on Tuesday in a preliminary reading for the fourth quarter. The pharmaceutical industry was the driving force behind the expansion, it said, though rising private consumption also supported growth.
Denmark's Economy Rebounds as Novo Nordisk Ramps Up Production - Bloomberg
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