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Sweden's Economy Grew Twice the Estimated Pace Last Quarter

  • Strong growth damps likelihood of Riksbank easing: Nordea
  • Krona strength may be Catch-22 for central bank, Danske says
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Sweden’s economy grew twice as fast as economists had predicted as exports and consumer spending gained, easing pressure on the central bank to deliver more stimulus.

The economy expanded 0.8 percent in the third quarter, Statistics Sweden said in a statement. Growth was seen at 0.4 percent in a Bloomberg survey of analysts. It grew an annual 3.9 percent, compared with the 3.4 percent estimate. The krona jumped as much as 0.4 percent to 9.216 per euro.