Sweden's GDP Surprises With Fastest Growth in Seven Quarters.

Sweden's economy grew at a faster rate than expected in the first quarter of 2024, with gross domestic output increasing by 0.7% compared to the previous quarter. This growth was primarily driven by higher inventories and investments in machinery and equipment, including weapon systems. The positive economic performance is seen as a result of the central bank's interest rate cuts and is expected to continue with further easing measures. However, economists predict that consumption may continue to decline in the coming months before rebounding later in the year. [Extracted from the article]

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