Economics

Sweden Raises Forecast for Economy as Recovery Starts to Pick Up

People walk past stores in Drottninggatan in Stockholm — People walk past stores in Drottninggatan in Stockholm
Photographer: Jonathan Nackstrand/AFP via Getty Images

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By Niclas Rolander

June 18, 2020 at 4:24 AM EDT

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Sweden has raised its forecast for the economy amid signs of a recovery following the country’s softer lockdown approach.

Finance Minister Magdalena Andersson now expects GDP to contract by 6% this year compared to a previous forecast of about 7%.

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Before it’s here, it’s on the Bloomberg Terminal