Sweden heads for economic slowdown EU warns

This is slower than what is expected for all but four of the other 28 European Union members, and well below the brisk four percent rate the country enjoyed back in 2015. "Sweden’s economy is clearly slowing down. Domestic demand and investment in particular are weak," the report read. The slowing economy had also pushed Swedish manufacturers to hold back on investments in equipment, exacerbating the decline. While the report predicted that growth would start to pick up again in 2021, it warned that this recovery

- The Local -



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