Swedish economy to slow in 2022, inflation surges, government says in forecast

Swedish economy to slow in 2022, inflation surges, government says in forecast
Representative Image Image Credit: ANI
  • Country:
  • Sweden

Sweden's economy will slow this year with headline inflation expected to run at its highest level since the early 1990s, the government said in a pre-budget forecast on Friday.

The government revised down its forecast for growth this year to 3.1% from the 3.4% it saw in December. Headline inflation was seen averaging 4.6%, up from 2.1% expected in December.

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