Swedish growth surprise could herald Riksbank hike
Swedish economy expanded above forecasts, boosted by consumption, inventories and exports
The Swedish economy grew above forecasts in the second quarter of the year, in a signal some interpret as increasing the possibility of a rate hike before 2019.
According to figures released today (July 30) by Statistics Sweden – the country’s official statistical agency – between April and June, GDP grew by 1% from the previous quarter and 3.3% in comparison to the same period in 2017. Sveriges Riksbank, Sweden’s central bank, forecast a quarter-on-quarter expansion of 0.5% and year-on-year
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