Sweden’s GDP is forecast to drop more than previously expected, the Finance Ministry has warned The Swedish economy will shrink more in 2023 than previously expected, according to official data released on Monday. Gross domestic product (GDP) is now forecast to contract by 1%, compared to the 0.7% contraction predicted by the Finance Ministry in December. Unemployment in the Nordic region’s largest economy is projected to jump to 7.9% this year. “We are in a very challenging economic environment,” Finance Minister Elisabeth Svantesson stated. “Many people are struggling to make ends meet, so it is important for t
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