[ad_1]
The outlook for Sweden’s economy has deteriorated with spending by households set to be a determining factor in how big the contraction turns out to be, according to the country’s biggest bank, SEB AB.
Gross domestic product will shrink 1.2% this year and grow 0.1% next year, SEB said in a report on Tuesday. Its May forecasts penciled in a 1% drop in 2023 and 0.6% growth in 2024.
[ad_2]
Source link