Sweden to cut growth forecasts amid weak exports

Note: This section contains information in English only.
Source: Bloomberg
The government of Sweden has cut its expectations for economic growth in the country for the current and next year, as exports rebound slower than was initially estimated. At the same time, the government will cut income taxes in order to stimulate growth. The new outlook predicts a 1% economic expansion this year and 2.4% the next year, versus 1.2% and 2.5%, respectively, that was forecasted earlier.
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