Analyst: Sweden's sluggish growth won't stop Riksb

Aihuicha, August 29th: Nordea Bank chief analyst Torbjorn Isaksson said in a report that Sweden's slow economic growth must be a reason for cautious action by the Riksbank, but inflation is still too high due to the weak Swedish krona. , the Riksbank will raise interest rates in September. Economic growth was weak in the second quarter, but not as bad as initial estimates suggested. The revised Q2 GDP data showed that GDP contracted by 0.8% quarter-on-quarter and 1.0% year-on-year in the second quarter, compared with the preliminary estimate of -1.5% quarter-on-quarter and -2.4% year-on-year. Nordea Bank said that GDP in the first half of 2023 is not far from the Riksbank's forecast, but the central bank may still slightly lower its GDP forecast for 2023.