Sweden's economy contracted unexpectedly in the first quarter of 2026, while retail sales growth quickened in March, separate reports from Statistics Sweden showed on Wednesday.
Gross domestic product fell 0.2 percent sequentially in the first quarter, reversing a 0.5 percent rise in the fourth quarter, the flash data said. Further, this was the first decline since the second quarter of 2025. Meanwhile, GDP was expected to increase by 0.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.