Fitch Ratings affirmed Danish long-term foreign currency issuer default rating at AAA with a stable outlook.
It is supported by a wealthy and high-value added economy, credible economic policy framework, sound public finances and strong external metrics.
The economy grew by 2.7 per cent in the second half of this year, boosted by the pharmacy sector, while exports increased by 8.3 per cent. However, domestic demand had a negative impact on GDP growth due to low consumer confidence and high interest rates
Fitch forecasts Denmark’s economic growth to average 2.3 per cent this year and 2.6 per cent in 2025 and 1.9 per cent in 2026, while “the main risks to growth in the short term are geopolitical tensions and lower global demand.”
