News Column

BRIEF: Sweden cuts growth forecast -- again

August 24, 2014

The Swedish Wire, Stockholm

Aug. 24--Bloomberg said Sweden's government cut its growth forecast for a second time in two months, citing the turmoil abroad amid criticism it was seeking to play up crisis concerns to regain voter support ahead of next month's election.

Gross domestic product will expand 1.9 percent in 2014, below a July forecast of 2.5 percent, the Finance Ministry said in a statement.

"The Swedish economy is expected to gradually recover but the recovery is still uncertain," Finance Minister Anders Borg said at a press briefing, Bloomberg said. "The risk picture is still negative."


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Source: Swedish Wire, The

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