Investing

Markets analysis: Investors weigh up impact of ‘miracle diet drugs’ on wider economy

Ciaran Callaghan, head of European equity research at Amundi, the French asset manager, said the potential for the market was ‘enormous’

Boxes of the diabetes drug Ozempic. Picture Mario Tama

There has been a barrage of news on the side-effects on weight-loss drugs in recent weeks – and it’s resoundingly positive. They can help fertility issues, improve sleep apnea and importantly do not have any added risk of suicide.

The so-called ‘miracle drugs’ have been taking off in the United States since their 2017 approval as a diabetes treatment. Almost 2 million people in the country were taking the medications in 2021, three times those ...