Economics
Sweden Cuts 2014 GDP Forecast as Krona Adds to Crisis Pain
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Sweden cut its economic growth forecast for 2014 after a strong krona added to the effect of Europe’s debt crisis to undermine demand for exports.
The largest Nordic economy will expand 2.2 percent next year, compared with a December estimate of 3 percent, Finance Minister Anders Borg said in Stockholm today. Gross domestic product will grow 1.2 percent this year, he said. The economy grew 0.8 percent in 2012, according to the latest official figures.