Sweden's economy contracted 0.7% in April, marking the second consecutive monthly decline.
Sweden's economy contracted by 0.7% in April due to lower household consumption and reduced production in the business sector, marking the second consecutive monthly decline. GDP fell by 0.7% month-on-month after a 0.4% drop in March, while industrial production decreased by 4.4% year-on-year in April. The contraction indicates challenges for the Swedish economy as it recovers from the pandemic's impacts.
June 10, 2024
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