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Sweden's worst housing slump since 2008 likely to hurt GDP growth

Price correction due to surge in construction; analysts say country resilient enough to weather downturn

Data released on Monday showed that home prices continued to slide in December, dropping 2 per cent in the month. The three-month drop was 7.8 per cent, the steepest decline since late 2008.


SWEDEN is in the worst housing-market downturn since the global financial crisis.

But with bigger bank buffers and an economy that's growing much faster than the rest of Europe, analysts, regulators and politicians all say everything will...

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