Swedish financial system to gradual, more durable occasions forward, authorities forecast says

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Swedish financial system to gradual, more durable occasions forward, authorities forecast says



Individuals stroll previous market stalls at Hotorget sq., amid the outbreak of the coronavirus illness (COVID-19), in central Stockholm, Sweden October 30, 2020. TT Information Company/Amir Nabizadeh by way of REUTERS Register now for FREE limitless entry to Reuters.comRegisterSTOCKHOLM, June 22 (Reuters) – Sweden’s financial system will develop extra slowly than beforehand anticipated, hit by the consequences of inflation and the conflict in Ukraine, the federal government mentioned in a brand new forecast revealed on Wednesday.Gross home product is predicted to develop 1.9%, the Finance Ministry mentioned in contrast with the three.1% predicted within the earlier forecast in April.GDP progress was seen at 1.1% in 2023, down from 1.6% seen beforehand.Register now for FREE limitless entry to Reuters.comRegisterReporting by Simon Johnson, modifying by Terje SolsvikOur Requirements: The Thomson Reuters Belief Rules.



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