Sweden's Finance Ministry Lowers Economic Growth Forecasts Until 2026

Investing.com -- The Swedish Ministry of Finance has lowered its economic growth forecast through 2026. The ministry cites reasons for this revision as prolonged weakness in the Swedish economy and increasing global uncertainty. Sweden has the largest economy in the Nordic region.

The country's Gross Domestic Product (GDP) growth is expected to be 2.2% on a calendar-adjusted basis next year. This represents a decline from the previous forecast of 2.8% made in September, according to a statement published on the ministry's website on Wednesday.

The ministry also anticipates that economic expansion will accelerate in 2026 to reach a growth rate of 2.7%. However, this still reflects a decrease from the earlier forecast of 2.9%.

This revision follows a series of mixed data regarding the future of the Swedish economy, which is heavily dependent on exports and has been almost stagnant for nearly three years.