GDP rises in first quarter
TT/The Local - [email protected]
Published: 7 Jun, 2006 CET.
Updated: Wed 7 Jun 2006 10:34 CET
Swedish Gross Domestic Product (GDP), grew 4.1 percent in the first quarter compared with the same period in 2005.
GDP also rose compared with the final quarter of 2005, inching up 1.1 percent, according to Statistics Sweden.
Private consumption rose 2.8 during the first three months of the year.
The strong GDP growth for the fourth quarter was in line with most analysts' predictions.
Olle Holmgren, economist at SEB, said that the GDP figures would have little effect on market interest rates.
"There have been very small reactions so far, and I don't think that there will be major reactions. Many people expected this," he said.
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GDP also rose compared with the final quarter of 2005, inching up 1.1 percent, according to Statistics Sweden.
Private consumption rose 2.8 during the first three months of the year.
The strong GDP growth for the fourth quarter was in line with most analysts' predictions.
Olle Holmgren, economist at SEB, said that the GDP figures would have little effect on market interest rates.
"There have been very small reactions so far, and I don't think that there will be major reactions. Many people expected this," he said.
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