2 days ago
Danish Growth to Cool as Companies Hold Back, Jyske CEO Says
Denmark's economy remains fundamentally solid, but is entering a period of slower momentum as corporate investment cools and the boost from Novo Nordisk A/S fades, according to the head of the Nordic country's second-largest bank.
Chief Executive Officer Lars Morch says Jyske Bank A/S expects Danish growth to slow to 2.5% this year from 3.5% in 2024, as companies reign in spending due to geopolitical uncertainty and trade frictions.
