Sweden's economy heading towards recovery: ministry


By Elina XuChen Jing
  • World
  • Friday, 23 Aug 2024

HELSINKI, Aug. 22 (Xinhua) -- The Swedish economy is currently in recession, but a brighter future lies ahead, according to a new forecast from the Ministry of Finance published on Thursday.

Inflation has fallen slightly below the central target of 2 percent, but economic activity remains sluggish. However, the government anticipates a turnaround in the near future.

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