Swedish NIER think-tank sees milder downturn for economy this year

Kitco Media
By Reuters
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Updated:
Reuters
STOCKHOLM, March 29 (Reuters) - Sweden's economic downturn this year will not be as deep as previously expected, the leading NIER think-tank said on Wednesday. The NIER forecast the economy would shrink 0.6% this year against its previous forecast of a contraction of 1.1%. It also lowered its forecast for unemployment, though it expects inflation to be higher through 2023. (Reporting by Simon Johnson, editing by Terje Solsvik)

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