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The Independent UK
The Independent UK
National
Via AP news wire

Sweden's economy shrinks in the third quarter to signal that a recession may have hit the country

Economy Sweden Recession
COPYRIGHT TT NYHETSBYRÅN

Sweden's economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country.

Data released Wednesday by Statistics Sweden showed that the country's gross domestic product declined by 0.3% in the period ending in October.

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