Swedish economy to slow, tougher times ahead, government forecast says

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STOCKHOLM, June 22 (Reuters) – Sweden’s economy will grow more slowly than previously expected, hit by the effects of inflation and the war in Ukraine, the government said in a new forecast published on Wednesday.

Gross domestic product is expected to grow 1.9%, the Finance Ministry said compared with the 3.1% predicted in the previous forecast in April.

GDP growth was seen at 1.1% in 2023, down from 1.6% seen previously.

(Reporting by Simon Johnson, editing by Terje Solsvik)

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