Sweden's economy grew by 0.6% in the first quarter


According to official statistics, the economy of Sweden in the first quarter increased by 0.6% compared to the fourth quarter, when economic growth was twice as high - at the level of 1.2%. At the same time, the growth rate was better than economists' forecasts of 0.2%. GDP growth in annual terms at 2.1% also exceeded the forecasts of economists, who had expected growth by only 1.7%. Compared with the previous quarter, consumer spending in the past quarter decreased by 0.2%, while government spending increased by 0.1%. Sweden for the quarter recorded a growth in exports by 0.8% and a decline in imports by 0.7%. Based on the positive dynamics of Swedish GDP in the last two quarters, Swedbank experts do not expect a serious decline in the near future, suggesting that the Swedish Central Bank may raise the rate later this year.

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