Denmark's central bank has revised its economic growth predictions for the country, projecting a more robust expansion through to 2025. The latest figures, released on Wednesday, indicate a significant increase in the nation's gross domestic product (GDP) over the next few years. The uplift in economic forecasts is largely attributed to the burgeoning pharmaceutical industry, despite challenges in other sectors of the economy.
For 2023, the GDP is expected to grow by 1.7%, a considerable rise from the earlier prediction of 0.9% made in March. This signals a near doubling of the projected growth rate within six months.
Moreover, the Danish economy is forecasted to maintain its upward trajectory with a consistent growth rate of 1.3% for both 2024 and 2025. This marks an improvement over previous estimates which had pegged the growth at 1.2% for these years.
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