European Economic News

Swedish Growth Improves In Q2

Sweden's economy grew at a faster pace in the second quarter, underpinned by investments and household consumption, preliminary data from Statistics Sweden showed Friday.

Gross domestic product grew a seasonally adjusted 0.9 percent from the first quarter, when the economy expanded 0.8 percent.

In the second quarter of 2020, the economy shrank 8.1 percent.

Compared to the same quarter of last year, GDP rose 9.7 percent in the second quarter after a 0.2 percent fall in the previous three months. The increase was the first since the March quarter of 2020.

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by RTTNews Staff Writer

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