Swedish economy slowing, still outshines Nordic neighbors

The Nordic region's biggest economy is expected to grow a healthy 3.1 percent in 2016 after gross domestic product expanded 4.2 percent in 2015. "Domestic demand is driving the economy, but the rest of the world is not helping," Swedbank chief economist Anna Breman said. "If household consumption keeps slowing, we are heading towards growth in the longer term of around 2 percent." Negative interest rates and a 245 billion crown asset purchase programme have helped boost asset prices and consumption. But weaker global demand has hurt exports, despite a 5 percent fall in the value of the crown this year. (Reuters)



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