{"id":4235,"date":"2023-08-20T17:31:58","date_gmt":"2023-08-20T15:31:58","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4235"},"modified":"2023-08-20T17:31:58","modified_gmt":"2023-08-20T15:31:58","slug":"domestic-company-worth-more-than-gdp-of-an-eu-state","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4235","title":{"rendered":"Domestic company worth more than GDP of an EU state"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">The popularity of weight-loss drugs among Americans has helped Danish company Novo Nordisk, which makes them, grow its market value to $413 billion, more than its home country&#8217;s GDP of about $406 billion.<\/p>\n<p>And according to the Wall Street Journal, this phenomenon is taking its toll on Denmark&#8217;s economy. It manifests itself in the form of lower interest rates and a stronger currency, the report said.<\/p>\n<p>The sales of these drugs in the US have driven Novo Nordisk&#8217;s market value to become the second most valuable company in Europe after luxury goods maker LVMH.<\/p>\n<p>The weight-loss drug is expected to generate sales of about $6 billion, with FactSet analysts predicting that figure to grow to $15 billion a year in 2027.<\/p>\n<p>According to the WSJ, the large influx of currency has caused the Danish krone to strengthen against the euro.<\/p>\n<p>The Danish central bank is therefore forced to keep interest rates lower than those set by the European Central Bank to prevent the currency from strengthening too much.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The popularity of weight-loss drugs among Americans has helped Danish company Novo Nordisk, which makes them, grow its market value to $413 billion, more than its home country&#8217;s GDP of about $406 billion. And according to the Wall Street Journal, this phenomenon is taking its toll on Denmark&#8217;s economy. It manifests itself in the form [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4235"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4236"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}