Sweden Defies Forecasts With Biggest GDP Gain in Four Months

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Sweden’s economy unexpectedly expanded in January, with gains in exports and household spending contrasting earlier evidence that the largest Nordic economy had likely entered a recession.

Indicator data for gross domestic product showed an increase of 2% from a month earlier, adjusted for seasonal variations, the fastest increase in four months, according to data published by Statistics Sweden on Thursday. That compares with a median estimate for a 0.1% decline in a Bloomberg survey of economists.

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