GDP of Sweden fell in the third quarter for the first time after 20 quarters of growth


Sweden's GDP in the third quarter fell by 0.2% compared to the second quarter, when there was an increase of 0.5%. As the statistical office of the country reported, the decline in the economy is observed in Sweden for the first time after twenty quarters of continuous growth. Analysts had not expected a decline, they had predicted an increase in GDP by 0.3%. Relative to the same period last year, the economy grew by 1.6%, with a 2.3% rise expected by analysts. Consumer spending declined by 1.5% compared with the previous quarter, while government spending remained unchanged. Exports increased by 0.3%, imports decreased by 0.6%.

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