EU nation cuts growth outlook for 2023 ...News

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Soaring inflation is expected to put the brakes on the Swedish economy Swedish authorities have slashed the country’s economic growth outlook for next year citing rising inflation, Finance Minister Mikael Damberg said on Thursday. Stockholm increased its projection for economic growth to 2.3% in 2022 from a June prediction of 1.9%, but cut the outlook for next year to 0.4% from 1.1%. “We are approaching tougher times and a low growth phase,” Damberg told journalists, having warned of a sharp slowdown during the second half of 2022. The minister added that making priorities and handling fiscal policy responsibly wo

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