Stockhlom, Sweden’s economy is on track to shrink 7% this year, in line with the government’s forecast from its spring budget, Reuters quoted Finance Minister Magdalena Andersson as saying on Tuesday.
“Our best forecast today is negative GDP growth of 7% this year,” Andersson told reporters. The government gave two scenarios in its budget, one of a milder contraction in gross domestic product of around 4% and a more negative outcome of a 10% dip. Andersson said current indicators put Sweden somewhere in the middle of the two.

Source: Saudi Press Agency

Related Post

Leave a comment

About Us
The Saudia Arabia news gazette is the famous news website in the Arab region, and it is to gather the news from all over the world with focusing the happenings of the Arab region.

Read More!
General News