Swedish economy contracts more than expected | The Malaysian Insight

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Swedish economy contracts more than expected

Statistics Sweden says the country’s economy shrank by 1.5% in the April-to-June period compared to the same quarter last year. – EPA pic, July 28, 2023.

THE Swedish economy contracted more than expected in the second quarter as exports from the Nordic country fell, official statistics showed today. Sweden’s economy shrank by 1.5% in the April-to-June period compared to the same quarter last year, according to Statistics Sweden’s preliminary data. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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