Published by Global Banking & Finance Review®
Posted on January 29, 2025
1 min readLast updated: January 27, 2026
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Sweden's GDP increased by 0.2% in Q4 2024, with December showing a 0.7% rise. The central bank may cut rates to boost growth.
STOCKHOLM (Reuters) - Sweden's gross domestic product grew 0.2% in the fourth quarter from the previous three-month period, a flash estimate from the statistics office showed on Wednesday.
In the month of December alone, the economy grew 0.7%.
Against the same period a year earlier, the economy expanded 1.1% during the last three months of the year.
Analysts had forecast growth of 0.3% quarter on quarter and 1.1% compared to the same period in 2023.
The economy grew 0.6% in 2024, according to the flash estimate, after shrinking 0.2% in the full year 2023.
Sweden's economy has stuttered for the last couple of years as households and businesses have struggled to adjust to higher interest rates aimed at taming a surge in inflation, which topped 10% in late 2022.
Rates have come down again, but the full effects have yet to feed through to the economy.
The central bank is widely expected to announce a quarter percentage point cut in the policy rate later on Wednesday as it looks to spur growth.
(Reporting by Simon Johnson, editing by Terje Solsvik and Anna Ringstrom)
Sweden's gross domestic product grew by 0.2% in the fourth quarter from the previous three-month period.
In December alone, the economy grew by 0.7%.
The central bank is widely expected to announce a quarter percentage point cut in the policy rate to spur growth.
Against the same period a year earlier, the economy expanded by 1.1% during the last three months of the year.
Sweden's economy has struggled due to higher interest rates aimed at controlling inflation, which peaked above 10%.
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