The Swedish government reported on Wednesday that it expects the Gross Domestic Product (GDP) to grown by 3% in 2021, compared to 4.1% announced in September’s report. The underlying details of the publication revealed that the economy is now forecasted to contract by 2.9% in 2020. Commenting on the report, Sweden’s finance minister noted that the economic recovery in autumn had been stronger than expected and added that COVID-19 vaccines give hope in terms of health and the economic outlook. Market reaction The EUR/SEK pair showed no immediate reaction to these remarks and was last seen gaining 0.17% on the day at 10.1853. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coronavirus: The more lockdowns there are, the weaker the economic rebound will be – Natixis FX Street 2 years The Swedish government reported on Wednesday that it expects the Gross Domestic Product (GDP) to grown by 3% in 2021, compared to 4.1% announced in September's report. The underlying details of the publication revealed that the economy is now forecasted to contract by 2.9% in 2020. Commenting on the report, Sweden's finance minister noted that the economic recovery in autumn had been stronger than expected and added that COVID-19 vaccines give hope in terms of health and the economic outlook. Market reaction The EUR/SEK pair showed no immediate reaction to these remarks and was last seen gaining 0.17% on the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
