Sweden Economy Grows Much Faster Than Expected in Q2, Reducing Pressure for Further Rate Cuts

Sweden's economy expanded significantly faster than expected in the second quarter, pointing to a stronger-than-anticipated recovery and potentially reducing the urgency for additional monetary easing by the Riksbank.

GDP (QoQ): 1.4%
Expected: 0.7%
Previous: -0.2%

GDP (YoY): 2.8%
Previous: 2.0%