Finance
Sweden government cuts growth forecast for 2025
Sweden government cuts growth forecast for 2025
Published by Global Banking and Finance Review
Posted on December 18, 2024
STOCKHOLM (Reuters) - The Swedish government on Wednesday cut its forecast for economic growth in 2025 to 2.0% from 2.5% seen previously and said it looked like the economy would be weak for some time.
GDP growth for 2024 was meanwhile seen at 0.6%, down from 0.8% seen in September, the finance ministry projections showed.
It predicted headline inflation of 1.9% this year and 2.0% in 2025. It in September forecast 1.9% and 1.7% respectively.
"It looks like the economy will be weak for some time," Finance Minister Elisabeth Svantesson said.
(Reporting by Isabelle Yr Carlsson, editing by Louise Rasmussen)
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