🇩🇰 Denmark on Friday slashed its annual growth forecast to 1.4% from 3%, in large part due to weaker expectations for pharmaceutical giant Novo Nordisk. Denmark has recorded strong annual growth in recent years, with its economy expanding 3.7% last year after getting a major
📈 North Korea's economy grows 3.7% in 2024, the fastest in 8 years, fueled by ties with Russia and a boom in manufacturing. #NorthKorea #Economy #Growth #RussiaRelations https://t.co/YYXlreo4n9
Denmark slashes 2025 growth forecast amid Novo Nordisk slowdown https://t.co/Rgq4Ea3KNb

Russia has revised its 2025 GDP growth forecast downward to 1.5% from an earlier estimate of 2.5%, according to statements from Russian Finance Minister Anton Siluanov and reports from the Ministry of Economic Development. The revision reflects ongoing economic challenges including high interest rates and increased war-related spending, which are contributing to rising borrowing costs and uncertainty about the economic outlook. Despite these projections, there are doubts about whether Russia can achieve even this modest growth rate, as the economy struggles under these pressures. In contrast, North Korea's economy is projected to grow by 3.7% in 2024, its fastest pace in eight years, driven by strengthened ties with Russia and a manufacturing boom. Meanwhile, Denmark has cut its 2025 growth forecast to 1.4% from 3%, largely due to a slowdown at pharmaceutical company Novo Nordisk, after experiencing strong growth of 3.7% in the previous year.