Swedish GDP Data Suggest Boom Is Over as Exports Sag: Chart

Sweden’s economy expanded just 0.3 percent in the second quarter, the slowest pace since the same period in 2013 and down from an average of 1.2 percent per quarter last year, as exports weakened. Boosted in recent quarters by unprecedented central bank stimulus and raised government spending to cover a record-influx of refugees, Sweden has enjoyed one of the highest growth rates in Europe. But the latest GDP data and other economic indicators, such as weakening consumer confidence, suggest growth may now be petering out.

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