Swedish GDP seen picking up, threat from global slowdown
[Stockholm] Sweden's economy is expected to pick up speed this year and the next, but there are risks from slowing global growth, Finance Minister Magdalena Andersson said in a statement on Monday.
Growth is expected to be 2.1 per cent this year and 3.0 per cent in 2015. The previous government had a forecast of 1.9 per cent for 2014 and 3.0 per cent for next year. "The Swedish economy is expected to recover in 2015," Mr Andersson, a Social Democrat who took over as finance minster after September's election, said. "However, there are still substantial unused resources in the economy and the risk of weaker growth predominates." Sweden's economy grew 1.6 percent in 2013.
Public finances will continue remain in deficit until 2017. REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April