Swedish Economy May Have Shrunk Last Quarter, Data Shows.

Sweden's economy may have contracted in the last quarter due to high borrowing costs impacting spending and investment. The decline in gross domestic product (GDP) was 0.8% on a quarterly basis, with weak data for April being a contributing factor. While there are signs of growth picking up towards the end of the quarter, the underlying trend suggests continued stagnation in the first half of the year due to weak domestic demand. The central bank is expected to resume easing measures in the second half of the year to stimulate recovery. [Extracted from the article]