Economics
Swedish GDP Set to Trounce Euro Zone, U.S. and Even Top Nordics
The Solsangaren sculpture stands in view the Svenska Handelsbanken AB headquarters in Stockholm.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
It seems increasingly clear that Sweden will suffer a much milder recession than both the euro zone and the U.S. But a fresh analysis published on Tuesday shows Sweden will fare better even than its Nordic peers this year and next.
Danske Bank is the latest forecaster to predict a softer crisis in the Nordic region than in the rest of Europe. And in its latest outlook, the bank now expects the Swedish economy to face a smaller contraction in 2020 and a higher growth rate in 2021 than in the rest of Scandinavia and Finland.