Economics
Sweden Cuts GDP Forecast as Deficit Seen Stretching Past 2018
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Sweden’s government cut its economic growth forecasts and predicted it will fail to reach a budget surplus over the next four years.
The economy will expand 2.4 percent this year and 2.7 percent in 2016, the Finance Ministry said Tuesday in Stockholm. That’s down from the 3 percent and 3.2 percent, respectively, the government predicted in October, after ending an eight-year rule by Prime Minister Fredrik Reinfeldt.