【Bloomberg】Swedish Economy Grinding to a Halt on Trade War, Housing Slump

• Sweden’s trade-dependent economy has been losing momentum amid a trade dispute between the world’s biggest economic powers and uncertainty concerning the U.K.’s exit from the European Union.
• The report on Friday showed exports were unchanged in the quarter while consumer spending was up 1.1%. Investments declined 1.0%, weighed down by the cooling housing market.
• Sweden’s central bank has so far bet that the economy won’t slide into a recession. Policy makers last week stuck to a plan to tighten toward the end of the year, exiting almost half a decade of negative rates.
• Data earlier this week showed a drop in all of the Riksbank’s core measures of inflation, raising speculation that the world’s oldest central bank will need to drop its tightening bias already in October.
• Non-adjusted data showed first quarter and second quarter was revised lower by 0.4 percentage point and 0.3 percentage point, respectively.

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