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Denmark’s Economy Contracts With Decline in Pharma Production

Posted on AllSides May 20th, 2024
From The Left

Denmark’s economy contracted in the first quarter, recording the biggest decline since the global pandemic, as growth prospects for the pharmaceutical industry were slow to materialize.

Gross domestic product dropped 1.8% from the previous three months, the largest fall in almost four years, Statistics Denmark said on Tuesday in a preliminary reading. A decline in industry and transport drove the contraction, the agency said.

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