Another EU state sliding into recession  ...News

Russia Today - Economy
Another EU state sliding into recession 
source : Russia Today ( News ) () 16
Sweden’s “export motor is in trouble,” Danske Bank has warned Sweden is heading for a mild recession after its GDP dropped by 0.8% in the second quarter compared to the first three months of the year, Statistics Sweden announced on Tuesday.  The economic downturn in the Nordic region’s largest economy is linked to reduced exports of goods and a decrease in inventories, which contributed negatively to the GDP figures, data shows.    Although the decline was less than the 1.3% contraction that had been predicted, “the Swedish export motor is in trouble,” according to Michael Grahn, chief economist at Danske Bank.   

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