BloombergSwedish growth slowed amid weak third quarter investment and public spending as an expansion in the Nordic region’s largest economy continues to abate from last year’s output peak. GDP rose 0.5 percent from the previous quarter and posted an annual rate of 2.8 percent, Statistics Sweden said yesterday. The GDP data are bad news for the Riksbank since it “needs a strong domestic economy for inflation to rise,” said Torbjorn Isaksson, chief analyst at Nordea Bank AB. The Swedish economy boomed last year, when a record wave of refugees streaming into the country helped stoke spending. According to yesterday’s data from Statistics Sweden, exports rose 1.3 percent in the quarter, consumer spending rose 0.4 percent while general government expenditure and investments were both flat.

Source: Taipei Times November 29, 2016 16:02 UTC