Denmark's economic growth is forecast to slow to 2.9% in 2025, buffered from U.S. tariffs.

Denmark's economy, boosted by strong pharmaceutical exports, is expected to slow down this year, with growth projected to drop from 3.7% in 2024 to 2.9% in 2025 and 1.8% in 2026. The International Monetary Fund (IMF) notes that Denmark will be shielded from potential U.S. tariffs on pharmaceuticals, as most of its drug products are produced and shipped by manufacturers in other countries. The IMF warns that trade tensions and policy uncertainties could still pose risks to the economy.