Sweden’s economy contracted by 0.2% quarter-on-quarter in Q1, marking the first decline in a year.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
(1) Sweden's economy contracted by 0.2% quarter-on-quarter in Q1, confirming the preliminary figure and exceeding the market's expected decline of 0.1%. The previous figure was revised to a 0.8% increase, marking the first contraction in a year. (2) Government spending fell (down 2.1%, compared to a 2.7% increase in Q4), and gross fixed capital formation also declined (down 2.3%, compared to a 4.5% increase in Q4), mainly due to reduced construction investment. (3) Net trade also had a negative impact, as the rise in imports (up 2.5%, compared to a 0.2% increase in Q4) exceeded the increase in exports (up 2.2%, compared to a 0.8% decrease in Q4). During the same period, household consumption continued to grow (up 0.6%). (4) On an annual basis, GDP grew by 2%, revised up from the initial 1.6%, but below the market expectation of 2.3% growth. The annual growth rate was unchanged from the previous quarter.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Centuri director Dustin DeMaria buys $100,204 of common shares
Bitget•2026/09/21 17:18
Sector Update: Healthcare
MT newswire•2026/09/21 17:09
Circle launches Bitcoin-backed USDC borrowing for institutional clients
Cointelegraph•2026/09/21 17:06
Crypto prices
MoreBitcoin
BTC
$85,877.87
+5.77%
Ethereum
ETH
$2,750.19
+4.61%
Tether USDt
USDT
$1.0000
+0.02%
BNB
BNB
$797.81
+4.64%
XRP
XRP
$1.49
+6.29%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$117.5
+6.99%
TRON
TRX
$0.3442
+0.12%
Zcash
ZEC
$1,478.02
+1.78%
Hyperliquid
HYPE
$92.98
+0.13%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now