Swedish GDP Delivers Bigger Quarterly Bounce Than Expected

Sweden’s economy grew more than expected in the third quarter after the coronavirus receded during the summer months, freeing up pent-up demand during a brief respite from the pandemic.

Gross domestic product grew 4.9% from the second quarter, Statistics Sweden said on Friday. That’s more than the 4.3% expected in a Bloomberg survey of economists, and follows an 8% contraction in the three months through June.