The Swedish economy grew by 1.2% in the fourth quarter after declining by 0.1% in the previous quarter, official data showed. The quarterly figure exceeded twice the growth by 0.6%, which was predicted by economists and the Swedish Central Bank. Relative to the fourth quarter of the previous year, Sweden’s GDP showed an increase of 2.4%. Its pace accelerated significantly against a 1.5% increase a quarter earlier. Economists also did not expect such significant annual growth. According to their forecasts, the economy was supposed to grow by 1.5%. Over the quarter, exports increased by 3.1%. Imports increased by 1.4%. Growth in consumer spending was at the level of 0.7%, government spending - at the level of 0.6%.
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