Sweden’s economic boom over, report says

Swedish Krona banknotes and coins are seen in this picture taken September 14, 2015. Sweden’s economic boom has ended, and a “soft landing” lies ahead for the country. (Fredrik Sandberg/TT News Agency/Reuters)
Sweden’s strong economic growth has reached its end, according to a report published Wednesday from the National Institute of Economic Research.

The government agency reports in its forecast that there are “clear indications” a slowdown will continue for the rest of the year.

Radio Sweden spoke with the institute’s director of forecasting Ylva Hedén Westerdahl about the causes behind the slower growth and why that pace could be better for the Swedish economy in the long run.

Related stories from around the North:

Canada: Labour shortage in northwestern Canada is ‘choking off economic growth,’ says economist, CBC News

Finland: Finland’s economic growth to slow down, finance ministry report says, Yle News

Sweden: Wealth inequality rising in Sweden, Radio Sweden

Liv Lewitschnik, Radio Sweden

Liv Lewitschnik, Radio Sweden

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