According to the latest data released on 29th April 2024, Sweden's Gross Domestic Product (GDP) remained stagnant at -0.1% in the first quarter of the year. This change marks no improvement from the previous quarter, which also stood at -0.1%. The comparison of the current quarter to the previous quarter shows no significant change, reflecting a continued period of economic stagnation for Sweden.
This data follows the previous indicator in the fourth quarter of 2023, which also stood at -0.1%. With the comparison period being quarter-over-quarter, it is evident that Sweden's economy has not seen any growth in recent periods. Economists will be closely monitoring the situation to assess the factors contributing to this stagnation and to determine any potential implications for the country's economic outlook moving forward.
