Sweden's Economic Growth Forecast Cut

Investing.com — Sweden's Finance Ministry has revised its economic growth forecast through 2026.

The ministry cites prolonged weaknesses in Sweden's economy, the largest in the Nordic region, along with heightened global uncertainty as the reasons for this revision.

The country's Gross Domestic Product (GDP) is projected to grow 2.2% in the next year on a calendar-adjusted basis, down from the previous forecast of 2.8% made in September, as stated on the ministry's website on Wednesday.

The ministry anticipates economic expansion to gain momentum in 2026, reaching a growth rate of 2.7%; however, this is a decline from the earlier estimated growth of 2.9%.

This adjustment follows a series of mixed data about the future of Sweden's economy, which heavily relies on exports and has seen nearly stagnant growth for approximately three years.

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