STOCKHOLM (Reuters) -The Swedish government lowered its GDP growth forecast for 2025 and 2026 on Friday to 1.8% and 2.3%, respectively.
Its forecast from April was for growth of 2.1% this year and 2.8% in 2026. Finance Minister Elisabeth Svantesson had flagged that this would be revised lower.
Svantesson told a press conference on Friday there is a risk the updated forecasts will need to be lowered further.
“It is a fairly dark picture that we see,” she said.
Sweden has strong government finances and is able to do more for the economy if needed, she also said.
(Reporting by Anna Ringstrom and Simon Johnson, editing by Terje Solsvik and Louise Ramussen)
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