Sweden's economy unexpectedly shrank in the third quarter, according to preliminary data from Statistics Sweden. Gross domestic product declined by 0.1% compared to the previous quarter, contrary to analysts' expectations of a 0.3% growth, as reported by Bloomberg.
The initial estimate, which is subject to revisions, raises concerns about the anticipated economic recovery that has yet to materialize. The latest figures highlight ongoing challenges within the Swedish economy, suggesting that the path to recovery may be more complex than previously thought.