Danish Economy Grows Faster Than Expected as Pharma Exports Rise.

Denmark's economy experienced faster growth than expected in the second quarter, largely due to the booming pharmaceutical industry led by Novo Nordisk. Gross domestic product expanded by 1.1%, surpassing the previously reported 0.6% growth. The pharmaceutical sector, known for Novo's weight-loss drugs and Bavarian Nordic's mpox vaccine, has been a significant driver of Denmark's economic growth. The revision suggests that the outlook for the whole year will be raised, with the possibility of even higher growth rates in 2024. Exports also increased by 3.9% in the second quarter, driven by various sectors and the Danish shipping industry. [Extracted from the article]