The economy of Sweden exceeded forecasts in the second quarter

In the second quarter of this year, GDP of Sweden increased by 1% compared to the first quarter, when its growth was 0.7%, according to preliminary official data. Analysts had predicted a slowdown to 0.5%. Compared to the same period last year, GDP of Sweden grew by 3.3% in the same way as in the previous quarter, the economists had predicted an increase of 2.6%. Sweden fixes GDP growth for 20 consecutive quarters. Over the past quarter, consumer spending grew by 0.9%, government spending - by 0.2%. Exports of goods and services increased by 0.5%, imports decreased by 0.1%. Employment in Sweden reached a record high. The level of public debt has fallen to a minimum since 1977.

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