Economy

Swedish central bank’s Floden says economy heading for soft landing


FILE PHOTO: Sweden’s central bank is pictured in Stockholm November 28, 2008. REUTERS/Bob Strong

STOCKHOLM (Reuters) — Sweden’s economy will slow sharply next year, but the central banks still expects the landing to be relatively soft, Deputy Governor Martin Floden said on Friday.

«The development in GDP according to the forecast won’t be dramatic … and mainly if you look at the labour market, according to our forecast and basically all others’, the labour market looks very strong,» Floden said in a speech.

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