Economic Indicators
Sweden’s economy will shrink in 2023-NIER
2022.12.21 04:49
Sweden’s economy will shrink in 2023-NIER
Budrigannews.com – The National Institute of Economic Research (NIER) predicted on Wednesday that households and businesses will feel the effects of high inflation and rising interest rates next year, which will likely cause Sweden’s economy to shrink.
In contrast to the 0.1% decline predicted by NIER in September, the Swedish think tank now projects that the Nordic nation’s economy will shrink by 1.1% in 2023.
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