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Swedish GDP Set to Trounce Euro Zone, U.S. and Even Top Nordics

The Solsangaren sculpture stands in view the Svenska Handelsbanken AB headquarters in Stockholm.

The Solsangaren sculpture stands in view the Svenska Handelsbanken AB headquarters in Stockholm.

Photographer: Mikael Sjoberg/Bloomberg
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It seems increasingly clear that Sweden will suffer a much milder recession than both the euro zone and the U.S. But a fresh analysis published on Tuesday shows Sweden will fare better even than its Nordic peers this year and next.

Danske Bank is the latest forecaster to predict a softer crisis in the Nordic region than in the rest of Europe. And in its latest outlook, the bank now expects the Swedish economy to face a smaller contraction in 2020 and a higher growth rate in 2021 than in the rest of Scandinavia and Finland.