The Swedish economy has performed relatively better compared with other EU countries during the pandemic. This is despite the fact that the balance for the central government budget during the first half of the year landed at SEK 71.4 billion, according to figures from the Swedish Financial Management Authority.
Sweden's economy shrank by 8.6 per cent in the second quarter of 2020, according to the GDP indicator from Statistics Sweden, which was released on Wednesday morning.
Sweden's economic growth stalled during the first quarter of 2020 and the GDP indicator then landed at -0.3 per cent, according to Statistics Sweden, Statistics Sweden.
In the wake of the pandemic, several European countries are delivering historically lousy GDP figures for the second quarter. The EU countries' total GDP decreased by 14.4 percent annually, according to Eurostat.
The text is updated.