Investing.com — Sweden’s Finance Ministry has cut its economic growth forecast through 2026.

The ministry cites prolonged weakness in Sweden’s economy, the largest in the Nordic region, and heightened global uncertainty as the reasons for this revision.

The country’s Gross Domestic Product (GDP) is now anticipated to grow 2.2% in the next year on a calendar-adjusted basis. This is a decrease from the previous forecast of 2.8% made in September, according to a statement released on the ministry’s website on Wednesday.

The ministry also expects economic expansion to pick up speed in 2026, reaching a growth rate of 2.7%. However, this is still a decline from the earlier prediction of 2.9% growth.

This revision follows a series of mixed data regarding the future of Sweden’s economy, which relies heavily on exports and has been nearly stagnant for approximately three years.

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