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Economic Indicators

Swedish economy slowed sharply in Q1, data shows

05/30/2022

Less than a minute

2022.05.30 09:42

Swedish economy slowed sharply in Q1, data shows
FILE PHOTO: Woman strolls through the Sodermalm area of Stockholm, Sweden October 22, 2020. Amir Nabizadeh/TT News Agency via REUTERS

STOCKHOLM (Reuters) – Sweden’s economy slowed sharply in the first quarter of the year, final gross domestic product (GDP) data from the Statistics Office showed on Monday.

GDP contracted 0.8% compared with the final quarter of 2021, downwardly revised from the previous estimate of a 0.4% decline. On the year, the economy grew 3%, unrevised from the previous estimate.

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05/30/2022

Less than a minute