STOCKHOLM, June 17 (Reuters) - Sweden’s economy will take a big hit this year but is expected to fare better than the economies in the eurozone, a leading think tank said on Wednesday.
National Institute for Economic Research (NIER) sees GDP falling by 5.4% this year and rise by 3.5% in 2021.
“One reason why the Swedish economy is not hit quite as hard in the is that the Swedish authorities’ measures to curb the spread of infection have been less far-reaching than in many other countries,” the NIER said in a statement.
In its previous forecast from April the think tank saw GDP declining by 7.0% this year and increasing by 4.8% in 2021. (Reporting by Johan Ahlander; editing by Johannes Hellstrom)