FX.co ★ Sweden's GDP Takes a Downturn, Decreasing by 0.9% in First Quarter of 2024

Sweden's Gross Domestic Product (GDP) faced a setback in the first quarter of 2024, with the indicator dropping by 0.9%. This decline follows a previous quarter where the GDP had decreased by 0.2%. The recent data was updated on 29 April 2024, shedding light on the economic performance amid ongoing global challenges. The Year-over-Year comparison reflects a concerning trend as the country navigates through economic uncertainties. The Swedish economy's resilience and recovery strategies will be crucial in mitigating the impact of this downturn and steering towards growth in the upcoming quarters.