Copenhagen: Fitch Ratings announced its decision to affirm Denmark's long-term foreign currency issuer default rating at 'AAA' with a stable outlook. This affirmation highlights Denmark's robust economic standing amidst global uncertainties. According to Anadolu Agency, the rating is underpinned by Denmark's wealthy and high-value-added economy, its credible economic policy framework, sound public finances, and strong external metrics. Despite global economic challenges, Denmark's economy demonstrated a growth of 2.7% in the second half of this year, largely driven by the pharmaceutical sector, with exports increasing by 8.3%. The agency noted that domestic demand had a negative impact on GDP growth, attributed to low consumer confidence and high interest rates. Despite these challenges, Fitch forecasts Denmark's economic growth to reach 2.3% this year. It also predicts growth to average 2.6% in 2025 and 1.9% in 2026. The main risks to Denmark's economic growth in the short term include geopolitical tension s and a potential decline in global demand.
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