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Swedish Central Banker Says Economy Is Worse Than Official Data Show

The Riksbank’s latest official forecast, from September, shows Sweden’s economy shrinking 3.6% this year.

The Riksbank’s latest official forecast, from September, shows Sweden’s economy shrinking 3.6% this year.

Photographer: Mikael Sjoberg/Bloomberg
Updated on

Sweden’s economy has been harder hit by the Covid crisis than is reflected in the latest official forecasts, according to the governor of the Riksbank, Stefan Ingves.

“The recovery seems to be a little slower than we initially thought,” Ingves said in an interview in Stockholm on Wednesday. “It is extremely difficult to assess how long this will take.”