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Electrolux Sees Modest Europe Growth as Costs Climb

Electrolux AB forecast modest growth in North America and Europe this year, hindering the Swedish appliance maker’s prospects to raise prices and claw back costs.

The owner of the Frigidaire brand slumped as much as 7.6 percent in Stockholm trading. Demand in Europe is expected to rise by about 2 percent in 2011, and 3 percent in North America, the company, based in the Swedish capital, said in a statement.