FX.co ★ Sweden's GDP Slips by -0.2% in the Fourth Quarter of 2023

In the latest economic update from Sweden, data released on 29 February 2024 revealed that the country's Gross Domestic Product (GDP) took a slight dip in the fourth quarter of 2023. The previous indicator had paused at 0% but the current figure shows a decrease of -0.2%. This change occurred Year-over-Year, comparing the change in the fourth quarter of 2023 to the same period in the previous year. This slight contraction in Sweden's GDP highlights the challenges the country may be facing in its economic growth trajectory. Analysts will closely monitor future economic data to assess the impacts and potential trends over the coming quarters. The dip in GDP could prompt policymakers to consider potential measures to stimulate economic activities and sustain growth in the region.