Sweden falls into recession in third quarter: statistics
Sweden fell into recession in the third quarter after its economy contracted 0.1 percent for two successive quarters, the national statistics agency (SCB) said on Friday.
By Agencies |
STOCKHOLM: Sweden fell into recession in the third quarter after its economy contracted 0.1 percent for two successive quarters, the national statistics agency (SCB) said on Friday.
Sweden's economy shrank by 0.1 percent in the second and third quarters on a sequential basis, the SCB said, adding that it had revised downwards its second quarter figure which in August it had said was flat. On an annual basis, gross domestic product (GDP) was unchanged in the third quarter.
Sweden's economy shrank by 0.1 percent in the second and third quarters on a sequential basis, the SCB said, adding that it had revised downwards its second quarter figure which in August it had said was flat. On an annual basis, gross domestic product (GDP) was unchanged in the third quarter.
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