Pursuits
Swedish Economy Steams Ahead on Record Central Bank Stimulus
- Consumer spending growth accelerates to 0.9% in quarter
- Swedish exports advance most in at least seven quarters
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Sweden’s economy expanded faster than estimated in the fourth quarter after the central bank unleashed record stimulus to defend the credibility of its inflation target.
The economy surged 1.3 percent from the third quarter, Statistics Sweden said in a statement. Growth was seen at 0.7 percent in a Bloomberg survey of analysts. It expanded an annual 4.5 percent, compared with a 3.6 percent estimate.