Swedish economy shrank 0.3% in 2023: official data

STOCKHOLM, Jan 29, 2024 (BSS/AFP) - Sweden's economy shrank by 0.3 percent in 2023 but technically emerged from recession in the last three months of the year when it grew 0.1 percent, official statistics showed on Monday.

A "strengthening" of net export helped to offset weaknesses elsewhere in the economy in the fourth quarter, said Mattias Kain Wyatt, economist at Statistics Sweden.