Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Sweden sees growth slow in 2007

Share this article

14:02 CET+01:00
Sweden has reported a sharp slowdown in growth in 2007 from the previous year, shrinking from 4.1 to 2.6 percent, official statistics showed.

In the fourth quarter, Swedish gross domestic product (GDP) grew by 0.8 percent from the third quarter and by 2.8 percent compared to the fourth quarter of 2006.

Household consumption and gross fixed capital formation were the primary contributors to growth in the fourth quarter, Statistics Sweden said.

Finance Minister Anders Borg on Friday revised downwards Sweden's growth forecast for 2008 and 2009.

The centre-right government had previously expected growth of 3.2 percent this year but said it now expected it to come in around 2.2 or 2.3 percent.

For 2009, it lowered its forecast from 2.5 percent to 2.2 percent.

Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.

Discussion forum