The Swedish economic boom has peaked and the country is heading for a GDP slowdown, the government's forecast authority said in a report released on Wednesday.
A surprisingly strong performance from the Swedish economy so far this year has led forecasters to update their prediction for GDP growth in 2017, which is now expected to be better than previously estimated.
A surge in the pace of growth in the second quarter of 2017 means Sweden's GDP expanded by a whopping 4 per cent from a year earlier, leaving Finance Minister Magdalena Andersson rejoicing over growth some analysts called "crazy strong."
The Swedish government has revealed that its latest economic forecast for 2016 shows the country's public coffers are operating at a surplus this year.
Sweden's economy is growing faster than expected and is now at an historically high level, according to figures from national number crunching body Statistics Sweden.
Figures showing a surprise financial growth spurt in the second quarter of the year have been hailed as proof that Sweden's economy is on the road to recovery.
The Swedish government announced on Tuesday that it wants to scrap the country's budget-surplus target, aiming to axe a policy that critics consider outdated.
The Swedish statistics bureau reported on Friday that the country's GDP had risen 3.1 percent in the fourth quarter of 2013 compared to the same period the year prior.
Swedish economic growth failed to meet expectations in the third quarter of 2013, reaching a meager 0.1 percent compared to the previous quarter, new figures reveal. But the possible effects on the repo rate remain unclear.
Sweden's economy grew by 0.6 percent in the first quarter from the previous three-month period, Statistics Sweden (Statistiska centralbyrån - SCB) said on Wednesday as it released fresh data that beat expectations.
Swedish citizens are the most pampered in the world, according to a new rating that measures non-economic needs and aims to replace GDP as a well-being indicator.
Stockholm has been named among the top ten richest regions in the European Union according to a new study published in the Svenska Dagbladet daily on Sunday.
The Swedish economy is set for a major slowdown in 2012, according the spring budget presented on Monday by finance minister Anders Borg, who warned for the "downside risks" amid the continued economic uncertainty.
Sweden's economy contracted in the last quarter of 2011, shrinking by 1.1 percent compared to the previous quarter and showing the export-dependent economy's vulnerability to the eurozone crisis.
Swedish finance minister Anders Borg on Tuesday defended the government's autumn budget proposal on against charges that it was overly optimistic in a spirited debate with his Social Democratic counterpart on the the floor of the Riksdag.
Sweden's government has forecast that growth in Sweden's GDP will fall sharply, from 4.1 percent in 2011 to 1.3 percent in 2012, warning that the fall could be even worse in its budget statement presented on Tuesday.
Sweden's National Institute of Economic Research (NIER) has cut its forecast for Swedish growth and sees a significant risk that the eurozone debt crisis could worsen.
Sweden's economy expanded by one percent in the second quarter, while year-on-year growth slowed to 5.3 percent, data released Friday by the central statistics office (SCB) showed.
Sweden's economic growth is expected to slow further in 2011 following record strong growth in 2010, according to a new forecast from the Sweden's National Institute of Economic Research (NIER).
The Swedish economy continues to expand, growing by 6.4 percent in the first quarter of 2011, according to new statistics, although GDP growth has slowed slightly.
Sweden's finance minister Anders Borg emphasised falling unemployment figures in the budget debate in the Riksdag on Wednesday, while the Social Democrats argued that Sweden was suffering from "mass unemployment".
The Swedish government forecasts the country will reach a budget surplus by the end of 2011, according to projections in the spring budget bill, presented Wednesday by finance minister Anders Borg.
The Swedish government on Thursday raised its economic growth forecast for this year and said unemployment would shrink significantly, following the recent publication of strong statistics.
