Sweden enters recession with GDP shrinking 0.3 pct in Q3

STOCKHOLM, Nov. 29 (Xinhua) -- The Swedish economy is in recession following a contraction in the third quarter (Q3), according to official statistics released on Wednesday.

The gross domestic product (GDP) decreased by 0.3 percent in Q3 compared with the previous quarter and by 1.4 percent compared with Q3 in 2022, Statistics Sweden said.