logo
  

Sweden Economy Grows More Than Expected In Q2

Sweden's economy expanded at a faster than expected pace in the second quarter, preliminary data from the statistical office showed Thursday.

Gross domestic product grew a seasonally adjusted 0.9 percent from the first quarter, when the economy expanded 0.8 percent. Economists had expected 0.7 percent growth.

Compared to the same quarter last year, GDP rose a working-day adjusted 10 percent after remaining unchanged in the first three months of the year.

"Year on year growth rates are the highest we currently have in our time series on Swedish GDP," Statistics Sweden economist Melker Loberg said.

"This should be seen in the light of the severe economic effects of the pandemic on the economy in the second quarter last year. "

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT