Swedish government raises 2021 GDP growth forecast to 3.2%

Sweden's economy will grow faster than previously expected this year, the government said on Monday, despite the third wave of COVID-19 infections that has led to tighter restrictions on society.

The government said in a statement it now expects the gross domestic product to expand 3.2% in 2021, better than the 3.0% expansion predicted in its latest forecast made in December.

In 2022, the government expects the economy to grow 3.8% versus a previous forecast of 3.7% growth.

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