Sweden’s GDP growth (08.30 BST) may have slowed in Q1 after a very strong end to 2014. Monthly consumption figures point to another quarter of strong growth in household spending, while trade data suggest that net exports gave GDP a small boost. However, most of Q4’s rise in GDP was due to a sharp increase in investment. As this was partly due to one-offs, it is unlikely that this pace will have been sustained. Capital Economics expects Sweden’s quarterly growth to slow to around 0.7%, which would push up the annual rate to 3%.
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