Sweden's gross domestic product, GDP, grew by 1.1 per cent in the fourth quarter versus the same period last year, according to Statistics Sweden.
Compared with the third quarter, the GDP declined by 1.1 per cent. The households consumption expenditure grew by 0.7 per cent.
“That was a weak figure, weaker than what we had predicted and clearly worse than what the Riksbank had expected. The Riksbank will need to continue to cut rates,” says Annika Winsth, chief economist of the bank Nordea.