Indicators
Swedish Economy May Have Shrunk Last Quarter, Data Shows
- Flash indicator shows GDP fell 0.8% on quarter in surprise
- More key rate cuts are expected before the end of this year
An apartment construction site in Stockholm.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Sweden’s economy may have contracted last quarter for the first time in a year, according to a flash indicator, as high borrowing costs weigh on spending and investment.
If the flash estimate — often subject to large revisions — holds, it will be the biggest contraction since the last quarter of 2022.